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, Briefing.com 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 tripadvisor.com 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 airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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