SunTrust Banks Comments on Booking Holdings Inc.’s Q1 2018 Earnings (BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Investment analysts at SunTrust Banks boosted their Q1 2018 earnings estimates for shares of Booking in a research note issued to investors on Thursday, April 12th. SunTrust Banks analyst N. Khan now anticipates that the business services provider will post earnings per share of $10.52 for the quarter, up from their previous forecast of $10.47. SunTrust Banks currently has a “Buy” rating and a $2,380.00 price target on the stock. SunTrust Banks also issued estimates for Booking’s Q2 2018 earnings at $16.25 EPS, Q3 2018 earnings at $40.75 EPS, Q4 2018 earnings at $19.12 EPS, FY2018 earnings at $86.71 EPS, FY2019 earnings at $102.23 EPS, FY2020 earnings at $119.07 EPS, FY2021 earnings at $137.16 EPS and FY2022 earnings at $156.22 EPS.

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Booking (NASDAQ:BKNG) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.70 billion.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Booking from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. JMP Securities lifted their price target on shares of Booking from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Vetr raised shares of Booking from a “sell” rating to a “strong-buy” rating and set a $2,148.74 price target on the stock in a research note on Tuesday, February 27th. BidaskClub cut shares of Booking from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 23rd. Finally, Oppenheimer lifted their price target on shares of Booking from $1,950.00 to $2,100.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $2,093.86.

Booking stock opened at $2,096.59 on Monday. Booking has a 1 year low of $1,630.56 and a 1 year high of $2,228.99. The firm has a market capitalization of $100,723.25, a P/E ratio of 27.22, a P/E/G ratio of 1.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.58 and a current ratio of 2.58.

In other news, Director Jeffrey E. Epstein sold 250 shares of Booking stock in a transaction on Monday, March 5th. The stock was sold at an average price of $2,020.00, for a total transaction of $505,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gillian Tans sold 295 shares of Booking stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $2,190.01, for a total value of $646,052.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,297 shares of company stock worth $9,315,259. Insiders own 0.24% of the company’s stock.

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Booking Company Profile

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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