Equities Analysts Issue Forecasts for TripAdvisor, Inc.’s Q3 2017 Earnings (TRIP)
TripAdvisor, Inc. (NASDAQ:TRIP) – Oppenheimer Holdings reduced their Q3 2017 earnings estimates for shares of TripAdvisor in a note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now forecasts that the travel company will earn $0.18 per share for the quarter, down from their prior forecast of $0.29. Oppenheimer Holdings also issued estimates for TripAdvisor’s Q4 2017 earnings at $0.06 EPS, FY2017 earnings at $0.68 EPS and FY2018 earnings at $0.72 EPS.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. ILLEGAL ACTIVITY NOTICE: “Equities Analysts Issue Forecasts for TripAdvisor, Inc.’s Q3 2017 Earnings (TRIP)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/16/equities-analysts-issue-forecasts-for-tripadvisor-inc-s-q3-2017-earnings-trip.html.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Credit Suisse Group AG downgraded shares of TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $40.00 to $34.00 in a report on Monday, June 19th. Hilliard Lyons upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $45.00 to $65.00 in a report on Friday, May 12th. Cowen and Company upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price target for the company in a report on Wednesday, July 19th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $35.00 price target on shares of TripAdvisor in a report on Sunday, May 28th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $44.82.
Shares of TripAdvisor (NASDAQ TRIP) opened at 40.66 on Monday. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13. The stock has a 50 day moving average price of $38.45 and a 200 day moving average price of $42.14. The firm has a market capitalization of $5.64 billion, a PE ratio of 61.51 and a beta of 2.36.
A number of hedge funds have recently modified their holdings of TRIP. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the first quarter worth $113,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock worth $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. acquired a new stake in shares of TripAdvisor during the first quarter worth $173,000. Finally, Nordea Investment Management AB increased its stake in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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