Equities research analysts predict that Priceline Group Inc (NASDAQ:PCLN) will post $14.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Priceline Group’s earnings, with the lowest EPS estimate coming in at $13.38 and the highest estimate coming in at $14.75. Priceline Group posted earnings per share of $14.21 in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.8%. The company is expected to report its next earnings report on Monday, February 26th.
According to Zacks, analysts expect that Priceline Group will report full year earnings of $74.41 per share for the current fiscal year, with EPS estimates ranging from $73.63 to $75.27. For the next financial year, analysts forecast that the business will report earnings of $83.97 per share, with EPS estimates ranging from $76.80 to $86.53. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Priceline Group.
Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Monday, November 6th. The business services provider reported $35.22 EPS for the quarter, beating analysts’ consensus estimates of $34.31 by $0.91. Priceline Group had a return on equity of 33.02% and a net margin of 29.20%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the company posted $29.69 EPS. The business’s revenue was up 20.1% on a year-over-year basis.
A number of equities research analysts have commented on PCLN shares. Bank of America reiterated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Tuesday, September 26th. Morgan Stanley reiterated an “overweight” rating and issued a $2,100.00 price target (up previously from $2,050.00) on shares of Priceline Group in a research report on Monday, October 2nd. SunTrust Banks reiterated a “buy” rating and issued a $2,200.00 price target on shares of Priceline Group in a research report on Wednesday, October 4th. Barclays reiterated a “buy” rating and issued a $2,150.00 price target on shares of Priceline Group in a research report on Wednesday, October 11th. Finally, Deutsche Bank restated a “hold” rating and set a $2,050.00 target price on shares of Priceline Group in a research report on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $2,010.80.
Priceline Group (PCLN) traded up $26.30 during midday trading on Friday, hitting $1,919.40. The company’s stock had a trading volume of 553,300 shares, compared to its average volume of 396,524. Priceline Group has a 1 year low of $1,528.01 and a 1 year high of $2,067.99. The company has a market cap of $94,160.00, a price-to-earnings ratio of 26.89, a PEG 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.
In other Priceline Group news, Director Jan L. Docter sold 1,200 shares of the 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 value of $2,117,424.00. Following the transaction, the director now owns 142 shares in the company, valued at $250,561.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the 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 completion of the transaction, the chief executive officer now owns 5,555 shares in the company, valued at approximately $10,776,700. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,567 shares of company stock worth $2,781,444. Corporate insiders own 0.24% of the company’s stock.
A number of large investors have recently made changes to their positions in PCLN. Harvest Fund Management Co. Ltd purchased a new stake in shares of Priceline Group in the second quarter worth approximately $101,000. Horan Capital Advisors LLC. purchased a new stake in shares of Priceline Group in the third quarter worth approximately $103,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Priceline Group in the second quarter worth approximately $133,000. TCI Wealth Advisors Inc. raised its stake in shares of Priceline Group by 8.7% in the second quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Priceline Group in the second quarter worth approximately $187,000. Institutional investors and hedge funds own 94.39% of the company’s stock.
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About Priceline Group
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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