Analysts Anticipate TripAdvisor (TRIP) Will Announce Quarterly Sales of $361.37 Million

Wall Street analysts forecast that TripAdvisor (NASDAQ:TRIP) will report sales of $361.37 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for TripAdvisor’s earnings. The lowest sales estimate is $350.67 million and the highest is $370.67 million. TripAdvisor posted sales of $372.00 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that TripAdvisor will report full-year sales of $361.37 million for the current fiscal year, with estimates ranging from $1.56 billion to $1.63 billion. For the next financial year, analysts expect that the company will report sales of $1.75 billion per share, with estimates ranging from $1.69 billion to $1.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow TripAdvisor.

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TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). TripAdvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. During the same quarter in the prior year, the firm posted $0.16 EPS. TripAdvisor’s quarterly revenue was up 1.6% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. DA Davidson assumed coverage on TripAdvisor in a research note on Wednesday. They set a “neutral” rating and a $46.00 price target for the company. Wedbush assumed coverage on TripAdvisor in a research note on Tuesday. They set a “neutral” rating and a $42.00 price target for the company. BidaskClub cut TripAdvisor from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. Mizuho assumed coverage on TripAdvisor in a research note on Wednesday, March 21st. They set a “neutral” rating and a $40.00 price target for the company. Finally, ValuEngine cut TripAdvisor from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Seven research analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.43.

Shares of TripAdvisor stock traded down $1.22 during trading hours on Friday, hitting $40.15. 1,997,875 shares of the company were exchanged, compared to its average volume of 3,090,730. TripAdvisor has a 1 year low of $29.50 and a 1 year high of $50.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market capitalization of $5,756.63, a PE ratio of 83.65, a price-to-earnings-growth ratio of 4.40 and a beta of 1.83.

TripAdvisor declared that its board has initiated a stock buyback program on Wednesday, February 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the travel company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other TripAdvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dermot Halpin sold 26,313 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. grew its holdings in TripAdvisor by 6.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 20,386 shares of the travel company’s stock valued at $701,000 after purchasing an additional 1,301 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in TripAdvisor by 17,655.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock valued at $192,000 after purchasing an additional 1,589 shares during the last quarter. Flinton Capital Management LLC grew its holdings in TripAdvisor by 26.2% in the fourth quarter. Flinton Capital Management LLC now owns 8,400 shares of the travel company’s stock valued at $289,000 after purchasing an additional 1,744 shares during the last quarter. LS Investment Advisors LLC grew its holdings in TripAdvisor by 25.8% in the fourth quarter. LS Investment Advisors LLC now owns 8,642 shares of the travel company’s stock valued at $298,000 after purchasing an additional 1,775 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in TripAdvisor by 0.5% in the fourth quarter. TIAA CREF Investment Management LLC now owns 381,886 shares of the travel company’s stock valued at $13,160,000 after purchasing an additional 1,910 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.

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TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

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