Trip.com Group (TCOM) Set to Announce Quarterly Earnings on Wednesday

Trip.com Group (NASDAQ:TCOMGet Rating) will be announcing its earnings results after the market closes on Wednesday, September 21st. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Trip.com Group (NASDAQ:TCOMGet Rating) last announced its quarterly earnings data on Monday, June 27th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Trip.com Group had a negative net margin of 16.53% and a positive return on equity of 0.51%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company earned ($0.12) earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, analysts expect Trip.com Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Trip.com Group Stock Performance

Shares of TCOM opened at $25.45 on Wednesday. Trip.com Group has a 52 week low of $14.29 and a 52 week high of $33.27. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of $15.26 billion, a P/E ratio of -31.81 and a beta of 0.61. The business’s 50 day moving average price is $26.08 and its 200-day moving average price is $23.88.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors purchased a new position in shares of Trip.com Group in the 2nd quarter worth approximately $38,000. National Pension Service grew its stake in Trip.com Group by 1,056.3% during the 2nd quarter. National Pension Service now owns 102,837 shares of the company’s stock valued at $2,823,000 after purchasing an additional 93,943 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in Trip.com Group in the 2nd quarter worth approximately $2,510,000. Creative Planning raised its holdings in shares of Trip.com Group by 17.3% during the second quarter. Creative Planning now owns 13,235 shares of the company’s stock worth $363,000 after purchasing an additional 1,953 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Trip.com Group by 5.9% in the 2nd quarter. State Street Corp now owns 9,856,226 shares of the company’s stock valued at $270,556,000 after buying an additional 549,530 shares during the period. Institutional investors own 54.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TCOM shares. Citigroup raised their price target on Trip.com Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 29th. Benchmark reduced their price objective on shares of Trip.com Group from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Mizuho cut their price target on shares of Trip.com Group from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Finally, StockNews.com upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.38.

About Trip.com Group

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Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.

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Earnings History for Trip.com Group (NASDAQ:TCOM)

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