SunTrust Banks Comments on TripAdvisor, Inc.’s Q3 2017 Earnings (TRIP)
TripAdvisor, Inc. (NASDAQ:TRIP) – Analysts at SunTrust Banks issued their Q3 2017 earnings per share estimates for TripAdvisor in a report issued on Tuesday. SunTrust Banks analyst N. Khan forecasts that the travel company will post earnings of $0.28 per share for the quarter. SunTrust Banks has a “Hold” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for TripAdvisor’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.81 EPS, FY2018 earnings at $0.68 EPS, FY2019 earnings at $1.09 EPS, FY2020 earnings at $1.60 EPS and FY2021 earnings at $2.21 EPS.
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation restated an “underperform” rating and issued a $30.00 target price (down from $35.00) on shares of TripAdvisor in a report on Wednesday, August 9th. UBS AG restated a “neutral” rating and issued a $43.00 target price (down from $50.00) on shares of TripAdvisor in a report on Thursday, August 10th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $32.00 target price (down from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Piper Jaffray Companies dropped their target price on TripAdvisor to $43.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.78.
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Shares of TripAdvisor (NASDAQ:TRIP) opened at 39.21 on Friday. The company has a 50-day moving average price of $38.59 and a 200-day moving average price of $42.11. The company has a market capitalization of $5.44 billion, a P/E ratio of 59.32 and a beta of 2.36. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $424 million during the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share.
A number of institutional investors have recently bought and sold shares of TRIP. Vanguard Group Inc. raised its position in TripAdvisor by 1.0% in the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock valued at $410,959,000 after buying an additional 105,571 shares during the last quarter. BlackRock Inc. raised its position in TripAdvisor by 23.9% in the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after buying an additional 1,713,523 shares during the last quarter. Bank of New York Mellon Corp raised its position in TripAdvisor by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock valued at $188,176,000 after buying an additional 220,185 shares during the last quarter. State Street Corp raised its position in TripAdvisor by 0.9% in the first quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock valued at $205,767,000 after buying an additional 42,936 shares during the last quarter. Finally, Matrix Capital Management Company LP raised its position in TripAdvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock valued at $134,945,000 after buying an additional 2,132,600 shares during the last quarter. 90.70% of the stock is currently owned by hedge funds and other institutional investors.
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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