Tripadvisor Inc (TRIP) Expected to Earn FY2018 Earnings of $0.70 Per Share

Tripadvisor Inc (NASDAQ:TRIP) – SunTrust Banks increased their FY2018 earnings per share estimates for Tripadvisor in a report released on Monday. SunTrust Banks analyst N. Khan now forecasts that the travel company will post earnings of $0.70 per share for the year, up from their prior forecast of $0.56. SunTrust Banks currently has a “Hold” rating and a $44.00 target price on the stock. SunTrust Banks also issued estimates for Tripadvisor’s FY2019 earnings at $1.16 EPS, FY2020 earnings at $1.62 EPS and FY2021 earnings at $2.19 EPS.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, January 11th. Hilliard Lyons lowered Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Wells Fargo & Co restated a “market perform” rating and set a $33.00 target price (down previously from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research report on Friday, November 3rd. Finally, Oppenheimer restated a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Eight analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.42.

Shares of Tripadvisor (NASDAQ:TRIP) traded down $1.93 during trading on Wednesday, hitting $38.12. The company had a trading volume of 4,716,073 shares, compared to its average volume of 3,178,825. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.29. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The company has a market cap of $5,190.00, a price-to-earnings ratio of 79.53, a price-to-earnings-growth ratio of 4.74 and a beta of 2.22.

In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Several institutional investors have recently modified their holdings of TRIP. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Tripadvisor in the fourth quarter worth approximately $61,301,000. Allianz Asset Management GmbH purchased a new stake in shares of Tripadvisor during the third quarter valued at approximately $56,957,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Tripadvisor by 12,501.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after acquiring an additional 1,366,451 shares during the last quarter. First Trust Advisors LP increased its position in shares of Tripadvisor by 32.1% during the fourth quarter. First Trust Advisors LP now owns 2,439,465 shares of the travel company’s stock valued at $84,064,000 after acquiring an additional 592,258 shares during the last quarter. Finally, Carmignac Gestion increased its position in shares of Tripadvisor by 9.4% during the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after acquiring an additional 585,879 shares during the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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