DA Davidson Weighs in on Booking Holdings Inc.’s Q1 2018 Earnings (BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Research analysts at DA Davidson issued their Q1 2018 earnings estimates for shares of Booking in a research note issued to investors on Tuesday, April 3rd. DA Davidson analyst T. White forecasts that the business services provider will earn $10.15 per share for the quarter. DA Davidson has a “Neutral” rating and a $2,260.00 price target on the stock. DA Davidson also issued estimates for Booking’s Q2 2018 earnings at $17.67 EPS, Q3 2018 earnings at $40.33 EPS, Q4 2018 earnings at $18.02 EPS, FY2018 earnings at $86.23 EPS, Q1 2019 earnings at $11.72 EPS, Q2 2019 earnings at $19.73 EPS, Q3 2019 earnings at $44.86 EPS, Q4 2019 earnings at $20.18 EPS, FY2019 earnings at $96.57 EPS and FY2020 earnings at $107.82 EPS.

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Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.12 by $2.74. Booking had a net margin of 18.46% and a return on equity of 21.12%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.70 billion.

Several other equities analysts also recently weighed in on BKNG. BidaskClub downgraded shares of Booking from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Booking from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Vetr downgraded shares of Booking from a “buy” rating to a “hold” rating and set a $1,915.34 price target on the stock. in a report on Monday, January 8th. Oppenheimer increased their price target on shares of Booking from $1,950.00 to $2,100.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, SunTrust Banks upped their price objective on Booking to $2,200.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $2,092.89.

Shares of NASDAQ:BKNG opened at $2,033.41 on Friday. Booking has a twelve month low of $1,630.56 and a twelve month high of $2,228.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market capitalization of $100,975.80, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26.

In other news, CEO Gillian Tans sold 123 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total transaction of $227,655.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Peter J. Millones sold 3,629 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $2,186.98, for a total value of $7,936,550.42. The disclosure for this sale can be found here. Insiders have sold a total of 4,419 shares of company stock worth $9,550,806 in the last quarter. Insiders own 0.24% of the company’s stock.

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About Booking

Booking Holdings Inc, formerly 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.

Earnings History and Estimates for Booking (NASDAQ:BKNG)

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