Trip.com Group (NASDAQ:TCOM – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20, FiscalAI reports. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.
Trip.com Group Price Performance
Shares of TCOM stock traded up $0.17 during trading hours on Tuesday, hitting $39.25. The stock had a trading volume of 5,885,385 shares, compared to its average volume of 3,436,021. The stock has a market capitalization of $25.50 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 3.11 and a beta of -0.05. The stock’s 50-day moving average price is $43.89 and its two-hundred day moving average price is $47.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. Trip.com Group has a one year low of $38.04 and a one year high of $78.99.
Analysts Set New Price Targets
TCOM has been the topic of a number of recent analyst reports. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Nomura lowered their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, June 26th. Citigroup dropped their target price on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Mizuho reduced their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.45.
Trip.com Group Company Profile
Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.
Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.
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