$0.27 Earnings Per Share Expected for Tripadvisor, Inc. (NASDAQ:TRIP) This Quarter

Equities research analysts predict that Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) will post $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tripadvisor’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.46. Tripadvisor posted earnings per share of ($0.07) in the same quarter last year, which would indicate a positive year-over-year growth rate of 485.7%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Tripadvisor will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $1.21. For the next financial year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.39 to $2.43. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Tripadvisor.

Tripadvisor (NASDAQ:TRIP – Get Rating) last issued its earnings results on Wednesday, May 4th. The travel company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The business’s quarterly revenue was up 113.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.56) earnings per share.

Several brokerages recently commented on TRIP. Citigroup reduced their price objective on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, May 9th. StockNews.com began coverage on shares of Tripadvisor in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 price objective for the company in a research note on Wednesday, April 27th. Credit Suisse Group cut their target price on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, February 18th. Finally, Mizuho cut their target price on shares of Tripadvisor from $36.00 to $30.00 in a research report on Friday, February 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.00.

Shares of NASDAQ TRIP opened at $25.59 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.17. Tripadvisor has a 52 week low of $20.25 and a 52 week high of $44.99. The firm has a 50-day moving average price of $25.39 and a 200 day moving average price of $26.44. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -35.05 and a beta of 1.35.

In other Tripadvisor news, Director Gregory B. Maffei purchased 50,000 shares of Tripadvisor stock in a transaction on Friday, March 4th. The shares were bought at an average price of $22.38 per share, with a total value of $1,119,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives purchased a new position in shares of Tripadvisor in the 1st quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Tripadvisor by 44.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock worth $47,000 after buying an additional 536 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor in the 4th quarter worth $85,000. Maverick Capital Ltd. purchased a new position in shares of Tripadvisor in the 3rd quarter worth $159,000. Finally, Parallel Advisors LLC raised its position in shares of Tripadvisor by 10.7% in the 1st quarter. Parallel Advisors LLC now owns 5,892 shares of the travel company’s stock worth $160,000 after buying an additional 570 shares during the period. 82.89% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Company Profile (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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