Priceline Group Inc Forecasted to Earn FY2018 Earnings of $83.86 Per Share (PCLN)

Priceline Group Inc (NASDAQ:PCLN) – Research analysts at Oppenheimer raised their FY2018 EPS estimates for shares of Priceline Group in a research report issued on Tuesday. Oppenheimer analyst J. Kelly now expects that the business services provider will post earnings per share of $83.86 for the year, up from their prior forecast of $83.35. Oppenheimer has a “Outperform” rating and a $2,100.00 price target on the stock. Oppenheimer also issued estimates for Priceline Group’s FY2020 earnings at $104.39 EPS.

Priceline Group (NASDAQ:PCLN) last released its earnings results on Monday, November 6th. The business services provider reported $35.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $34.31 by $0.91. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $29.69 EPS.

PCLN has been the topic of a number of other research reports. KeyCorp reaffirmed a “hold” rating on shares of Priceline Group in a report on Thursday, November 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $2,100.00 target price (up previously from $2,050.00) on shares of Priceline Group in a report on Monday, October 2nd. BidaskClub lowered Priceline Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. SunTrust Banks raised their target price on Priceline Group to $2,200.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on Priceline Group from $2,050.00 to $2,100.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Priceline Group presently has a consensus rating of “Buy” and an average target price of $2,010.80.

Priceline Group (PCLN) traded up $26.30 on Thursday, reaching $1,919.40. The company’s stock had a trading volume of 554,936 shares, compared to its average volume of 335,735. The firm has a market cap of $92,325.61, a price-to-earnings ratio of 26.88, a P/E/G ratio of 1.41 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.52 and a quick ratio of 2.52. Priceline Group has a 12-month low of $1,528.01 and a 12-month high of $2,067.99.

Institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new position in Priceline Group in the 2nd quarter valued at $101,000. Horan Capital Advisors LLC. bought a new position in Priceline Group in the 3rd quarter valued at $103,000. Mountain Capital Investment Advisors Inc bought a new position in Priceline Group in the 2nd quarter valued at $133,000. TCI Wealth Advisors Inc. raised its position in Priceline Group by 8.7% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 6 shares during the last quarter. Finally, Pathstone Family Office LLC raised its position in Priceline Group by 135.9% in the 2nd quarter. Pathstone Family Office LLC now owns 92 shares of the business services provider’s stock valued at $2,041,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

In related news, Director Jan L. Docter sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,764.52, for a total transaction of $2,117,424.00. Following the completion of the transaction, the director now owns 142 shares in the company, valued at approximately $250,561.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $1,940.00, for a total value of $236,680.00. Following the transaction, the chief executive officer now owns 5,555 shares of the company’s stock, valued at approximately $10,776,700. The disclosure for this sale can be found here. Insiders have sold a total of 1,567 shares of company stock valued at $2,781,444 in the last 90 days. 0.24% of the stock is owned by corporate insiders.

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Priceline Group Company Profile

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.

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