Tripadvisor (NASDAQ:TRIP) Posts Earnings Results, Beats Expectations By $0.05 EPS

Tripadvisor (NASDAQ:TRIP) released its quarterly earnings data on Wednesday. The travel company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05, reports. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $459.39 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS.

Shares of Tripadvisor stock traded up $0.34 during trading hours on Friday, hitting $31.99. 273,298 shares of the company’s stock traded hands, compared to its average volume of 1,317,505. The stock has a 50 day simple moving average of $38.89 and a 200-day simple moving average of $43.22. The company has a market cap of $5.71 billion, a PE ratio of 30.47, a PEG ratio of 1.89 and a beta of 1.37. Tripadvisor has a twelve month low of $29.27 and a twelve month high of $69.00.

In other news, insider Dermot Halpin sold 3,409 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the sale, the insider now directly owns 752 shares in the company, valued at $30,252.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

A number of research firms have recently commented on TRIP. Barclays set a $58.00 price objective on Tripadvisor and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. downgraded Tripadvisor from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $48.00 to $28.00 in a report on Friday. Cowen set a $39.00 price target on Tripadvisor and gave the company a “sell” rating in a report on Friday, August 9th. Wedbush reiterated a “neutral” rating and issued a $33.00 price target (down from $50.00) on shares of Tripadvisor in a report on Friday. Finally, Bank of America lowered their price target on Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a report on Friday, August 9th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Tripadvisor currently has an average rating of “Hold” and an average target price of $50.19.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as,,,,,,,,,,,,,,,, and, as well as and

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Earnings History for Tripadvisor (NASDAQ:TRIP)

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