TripAdvisor Inc. Expected to Post FY2016 Earnings of $1.16 Per Share (TRIP)
TripAdvisor Inc. (NASDAQ:TRIP) – Equities researchers at Jefferies Group lifted their FY2016 earnings estimates for TripAdvisor in a report released on Wednesday. Jefferies Group analyst B. Fitzgerald now expects that the brokerage will post earnings per share of $1.16 for the year, up from their previous forecast of $1.12. Jefferies Group has a “Buy” rating and a $59.00 price objective on the stock. Jefferies Group also issued estimates for TripAdvisor’s Q4 2016 earnings at $0.26 EPS and FY2017 earnings at $1.08 EPS.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $421 million for the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. TripAdvisor’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share.
A number of other brokerages also recently issued reports on TRIP. Evercore ISI reiterated a “hold” rating and issued a $75.00 price target on shares of TripAdvisor in a report on Tuesday, July 26th. Raymond James Financial Inc. upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating in a report on Thursday, July 28th. Citigroup Inc. upgraded shares of TripAdvisor to a “market perform” rating in a report on Thursday, July 28th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $73.00 price target on shares of TripAdvisor in a report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the stock. TripAdvisor currently has a consensus rating of “Hold” and an average target price of $63.08.
TripAdvisor (NASDAQ:TRIP) opened at 48.80 on Monday. TripAdvisor has a 12-month low of $48.52 and a 12-month high of $87.50. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 51.37 and a beta of 2.31. The firm has a 50-day moving average of $61.92 and a 200 day moving average of $64.04.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hillhouse Capital Management Ltd. bought a new stake in shares of TripAdvisor during the first quarter worth about $1,210,000. Arizona State Retirement System raised its stake in shares of TripAdvisor by 1.3% in the first quarter. Arizona State Retirement System now owns 30,859 shares of the travel company’s stock worth $2,052,000 after buying an additional 400 shares during the period. Eachwin Capital LP bought a new stake in shares of TripAdvisor during the first quarter worth about $372,000. LPL Financial LLC raised its stake in shares of TripAdvisor by 9.2% in the first quarter. LPL Financial LLC now owns 14,316 shares of the travel company’s stock worth $917,000 after buying an additional 1,202 shares during the period. Finally, Moore Capital Management LP raised its stake in shares of TripAdvisor by 7.7% in the first quarter. Moore Capital Management LP now owns 70,000 shares of the travel company’s stock worth $4,655,000 after buying an additional 5,000 shares during the period. 88.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $60.77, for a total transaction of $259,730.98. Following the transaction, the insider now directly owns 286 shares of the company’s stock, valued at $17,380.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dermot Halpin sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $61.77, for a total transaction of $617,700.00. Following the transaction, the insider now directly owns 10,900 shares in the company, valued at $673,293. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
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