Travelzoo (NASDAQ:TZOO) to Post Q2 2024 Earnings of $0.20 Per Share, Barrington Research Forecasts

Travelzoo (NASDAQ:TZOO) – Investment analysts at Barrington Research decreased their Q2 2024 earnings estimates for Travelzoo in a research note issued to investors on Wednesday, April 24th. Barrington Research analyst J. Goss now forecasts that the information services provider will earn $0.20 per share for the quarter, down from their previous forecast of $0.24. Barrington Research has a “Outperform” rating and a $12.00 price objective on the stock. The consensus estimate for Travelzoo’s current full-year earnings is $0.99 per share. Barrington Research also issued estimates for Travelzoo’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.24 EPS.

Separately, StockNews.com downgraded shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Travelzoo Trading Up 0.9 %

Shares of NASDAQ TZOO opened at $8.58 on Friday. The stock has a market cap of $113.27 million, a P/E ratio of 9.43 and a beta of 1.71. The stock has a 50 day moving average of $9.57 and a two-hundred day moving average of $8.87. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23.

Travelzoo (NASDAQ:TZOO) last announced its earnings results on Wednesday, April 24th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $21.99 million during the quarter, compared to analysts’ expectations of $23.72 million. Travelzoo had a return on equity of 140.25% and a net margin of 15.24%.

Insider Activity at Travelzoo

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 18,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $8.52, for a total transaction of $153,360.00. Following the completion of the sale, the insider now directly owns 5,440,802 shares of the company’s stock, valued at approximately $46,355,633.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 148,931 shares of company stock worth $1,483,335 in the last quarter. Company insiders own 57.45% of the company’s stock.

Institutional Trading of Travelzoo

Several hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Travelzoo during the third quarter worth about $82,000. Hillsdale Investment Management Inc. purchased a new position in shares of Travelzoo during the 4th quarter worth approximately $171,000. Denali Advisors LLC lifted its holdings in shares of Travelzoo by 71.9% in the 3rd quarter. Denali Advisors LLC now owns 37,300 shares of the information services provider’s stock valued at $217,000 after buying an additional 15,600 shares during the period. Janiczek Wealth Management LLC purchased a new stake in shares of Travelzoo in the fourth quarter valued at approximately $275,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Travelzoo during the first quarter worth $277,000. Institutional investors and hedge funds own 27.39% of the company’s stock.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.