$469.73 Million in Sales Expected for Tripadvisor Inc (NASDAQ:TRIP) This Quarter

Analysts expect that Tripadvisor Inc (NASDAQ:TRIP) will post sales of $469.73 million for the current quarter, Zacks reports. Eleven analysts have made estimates for Tripadvisor’s earnings, with the highest sales estimate coming in at $511.00 million and the lowest estimate coming in at $442.00 million. Tripadvisor posted sales of $458.00 million during the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Tripadvisor will report full-year sales of $1.64 billion for the current financial year, with estimates ranging from $1.58 billion to $1.70 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.78 billion, with estimates ranging from $1.71 billion to $1.86 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Tripadvisor.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The firm had revenue of $422.00 million for the quarter, compared to the consensus estimate of $445.46 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis.

A number of research firms recently weighed in on TRIP. ValuEngine raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Standpoint Research started coverage on shares of Tripadvisor in a research note on Tuesday, July 16th. They issued a “buy” rating and a $60.00 target price on the stock. UBS Group raised shares of Tripadvisor from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research report on Wednesday, September 4th. SunTrust Banks raised shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, June 19th. Finally, Deutsche Bank reduced their price objective on shares of Tripadvisor from $65.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.63.

Shares of TRIP traded down $0.23 during trading hours on Tuesday, reaching $41.04. 12,095 shares of the stock traded hands, compared to its average volume of 1,728,192. The stock has a fifty day simple moving average of $40.41 and a 200 day simple moving average of $46.86. Tripadvisor has a 52 week low of $35.41 and a 52 week high of $69.00. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 2.07 and a beta of 1.36.

In other news, CFO Ernst 02494 Teunissen sold 8,117 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.60, for a total value of $370,135.20. Following the sale, the chief financial officer now directly owns 14,599 shares of the company’s stock, valued at approximately $665,714.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dermot Halpin sold 3,409 shares of the company’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 disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC increased its holdings in shares of Tripadvisor by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 14,662 shares of the travel company’s stock valued at $754,000 after acquiring an additional 227 shares during the last quarter. State Treasurer State of Michigan increased its stake in Tripadvisor by 1.0% in the 1st quarter. State Treasurer State of Michigan now owns 29,654 shares of the travel company’s stock valued at $1,526,000 after buying an additional 300 shares during the last quarter. ETF Managers Group LLC increased its stake in shares of Tripadvisor by 9.7% during the 1st quarter. ETF Managers Group LLC now owns 3,499 shares of the travel company’s stock worth $180,000 after purchasing an additional 309 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Tripadvisor by 4.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 9,552 shares of the travel company’s stock worth $491,000 after purchasing an additional 371 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its stake in shares of Tripadvisor by 136.1% during the 2nd quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock worth $32,000 after purchasing an additional 396 shares during the last quarter. 86.02% of the stock is currently owned by hedge funds and other institutional investors.

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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