Booking (BKNG) Scheduled to Post Quarterly Earnings on Thursday

Booking (NASDAQ:BKNG) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Booking to post earnings of $14.00 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $29.72 by $2.28. Booking had a net margin of 20.08% and a negative return on equity of 751.49%. The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the company earned $24.74 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect Booking to post $176 EPS for the current fiscal year and $209 EPS for the next fiscal year.

Booking Price Performance

Booking stock opened at $3,517.52 on Thursday. Booking has a 12-month low of $2,456.93 and a 12-month high of $3,918.00. The stock has a market capitalization of $120.19 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.05 and a beta of 1.40. The firm’s 50-day moving average is $3,555.99 and its two-hundred day moving average is $3,379.22.

Booking Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $8.75 per share. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.00%. Booking’s dividend payout ratio is currently 29.67%.

Wall Street Analyst Weigh In

BKNG has been the topic of several analyst reports. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. The Goldman Sachs Group increased their price objective on shares of Booking from $3,080.00 to $3,610.00 and gave the stock a “neutral” rating in a report on Friday, January 19th. Mizuho increased their price objective on shares of Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. B. Riley assumed coverage on shares of Booking in a report on Wednesday, April 3rd. They set a “buy” rating and a $4,400.00 price objective on the stock. Finally, Royal Bank of Canada increased their price objective on shares of Booking from $3,550.00 to $3,900.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,723.41.

Insider Activity

In other news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Glenn D. Fogel sold 4,302 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at $114,826,417. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.