Trip.com Group (NASDAQ:TCOM) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Trip.com Group (NASDAQ:TCOM) issued its earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05, Zacks reports. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%.

Trip.com Group Trading Up 0.4%

Shares of TCOM stock traded up $0.17 during trading hours on Tuesday, hitting $39.25. 5,885,385 shares of the company’s stock traded hands, compared to its average volume of 3,436,021. The stock has a market cap of $25.50 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 3.11 and a beta of -0.05. The stock’s 50 day simple moving average is $43.92 and its 200 day simple moving average is $47.61. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group has a 12 month low of $38.04 and a 12 month high of $78.99.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TCOM. Jefferies Financial Group reiterated a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a report on Tuesday, July 28th. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Weiss Ratings cut Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Barclays dropped their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Finally, HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Nine research 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’s stock. Based on data from MarketBeat, the stock currently 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.