TripAdvisor, Inc. (NASDAQ:TRIP) – Stock analysts at SunTrust Banks issued their FY2016 EPS estimates for TripAdvisor in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst R. Hull anticipates that the firm will earn $1.12 per share for the year. SunTrust Banks also issued estimates for TripAdvisor’s Q4 2016 earnings at $0.22 EPS, Q1 2017 earnings at $0.23 EPS, Q2 2017 earnings at $0.28 EPS, Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $1.11 EPS and FY2018 earnings at $1.37 EPS.

TRIP has been the subject of a number of other research reports. Miller Tabak started coverage on TripAdvisor in a research note on Wednesday, January 18th. They issued a “hold” rating for the company. Credit Suisse Group set a $51.00 price objective on TripAdvisor and gave the stock a “hold” rating in a research note on Monday, February 6th. Vetr lowered TripAdvisor from a “strong-buy” rating to a “buy” rating and set a $57.11 price objective for the company. in a research note on Wednesday, January 11th. Zacks Investment Research lowered TripAdvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $67.00 price objective on shares of TripAdvisor in a research note on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.30.

Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

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Shares of TripAdvisor (NASDAQ:TRIP) opened at 46.92 on Friday. The company has a 50-day moving average price of $51.28 and a 200-day moving average price of $56.56. TripAdvisor has a 52-week low of $45.63 and a 52-week high of $71.69. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 56.39 and a beta of 2.02.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 15th. The travel company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.15. The company earned $316 million during the quarter, compared to analysts’ expectations of $327.29 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%.

A number of large investors have recently modified their holdings of the stock. Quantum Capital Management LLC NJ increased its stake in shares of TripAdvisor by 1.9% in the second quarter. Quantum Capital Management LLC NJ now owns 239,108 shares of the travel company’s stock worth $15,375,000 after buying an additional 4,441 shares during the period. Employees Retirement System of Texas increased its stake in shares of TripAdvisor by 96.1% in the second quarter. Employees Retirement System of Texas now owns 229,516 shares of the travel company’s stock worth $14,758,000 after buying an additional 112,474 shares during the period. Beaumont Financial Partners LLC bought a new stake in shares of TripAdvisor during the second quarter worth about $806,000. Coronation Fund Managers Ltd. bought a new stake in shares of TripAdvisor during the second quarter worth about $21,990,000. Finally, Baillie Gifford & Co. increased its stake in shares of TripAdvisor by 21.2% in the second quarter. Baillie Gifford & Co. now owns 12,128,581 shares of the travel company’s stock worth $779,867,000 after buying an additional 2,118,945 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.

This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/02/17/tripadvisor-inc-forecasted-to-post-fy2016-earnings-of-1-12-per-share-trip.html.

TripAdvisor Company Profile

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.

5 Day Chart for NASDAQ:TRIP

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