Tripadvisor Inc (NASDAQ:TRIP) – Equities researchers at SunTrust Banks issued their Q2 2018 EPS estimates for Tripadvisor in a research report issued to clients and investors on Thursday. SunTrust Banks analyst N. Khan expects that the travel company will earn $0.23 per share for the quarter. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Tripadvisor’s Q3 2018 earnings at $0.32 EPS.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS.
TRIP has been the topic of a number of other research reports. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price objective (up previously from $35.00) on shares of Tripadvisor in a report on Friday, February 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Tripadvisor in a report on Friday, February 16th. BidaskClub raised Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research lowered Tripadvisor from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Seven research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.06.
Tripadvisor (NASDAQ TRIP) opened at $42.65 on Monday. The stock has a market capitalization of $6,016.19, a PE ratio of 77.36, a P/E/G ratio of 5.61 and a beta of 2.22. Tripadvisor has a 52-week low of $29.50 and a 52-week high of $50.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.47.
Tripadvisor declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the travel company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at approximately $554,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC acquired a new position in shares of Tripadvisor during the 3rd quarter worth approximately $101,000. SeaCrest Wealth Management LLC acquired a new position in shares of Tripadvisor during the 4th quarter worth approximately $104,000. NuWave Investment Management LLC acquired a new position in shares of Tripadvisor during the 4th quarter worth approximately $116,000. Steward Partners Investment Advisory LLC raised its position in shares of Tripadvisor by 164.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Tripadvisor during the 4th quarter worth approximately $180,000. Hedge funds and other institutional investors own 79.63% of the company’s stock.
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Tripadvisor Company Profile
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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