Booking (NASDAQ:BKNG) released its earnings results on Thursday. The business services provider reported $45.36 EPS for the quarter, topping analysts’ consensus estimates of $44.87 by $0.49, Fidelity Earnings reports. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period in the prior year, the firm posted $37.78 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Booking updated its Q4 guidance to $21.50-22.00 EPS.
BKNG stock traded up $29.26 during trading on Friday, reaching $1,879.19. The stock had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The firm has a market cap of $86.10 billion, a PE ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12. The stock’s 50 day moving average is $1,998.42 and its two-hundred day moving average is $1,899.20. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.74. Booking has a 52 week low of $1,606.27 and a 52 week high of $2,081.81.
A number of equities research analysts have recently commented on the company. ValuEngine cut Booking from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Bank of America cut Booking from a “buy” rating to a “neutral” rating in a research note on Friday, November 1st. SunTrust Banks increased their target price on Booking to $2,240.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James cut Booking from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their target price on Booking from $2,125.00 to $2,100.00 and set a “neutral” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Booking presently has an average rating of “Hold” and an average price target of $2,114.40.
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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