Booking Holdings Inc. (BKNG) Expected to Announce Earnings of $10.67 Per Share

Equities analysts expect that Booking Holdings Inc. (NASDAQ:BKNG) will post earnings per share (EPS) of $10.67 for the current quarter, according to Zacks. Eleven analysts have made estimates for Booking’s earnings, with estimates ranging from $10.15 to $11.25. Booking posted earnings per share of $9.88 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The firm is scheduled to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that Booking will report full-year earnings of $87.30 per share for the current financial year, with EPS estimates ranging from $82.21 to $91.62. For the next year, analysts expect that the business will post earnings of $100.21 per share, with EPS estimates ranging from $91.08 to $109.38. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Booking.

Booking (NASDAQ:BKNG) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $14.12 by $2.74. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.70 billion. Booking had a return on equity of 21.12% and a net margin of 18.46%.



Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their price objective on Booking from $2,000.00 to $2,500.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Barclays reissued an “overweight” rating and issued a $2,260.00 price objective on shares of Booking in a report on Friday, March 16th. Mizuho assumed coverage on Booking in a report on Thursday, March 22nd. They issued a “buy” rating and a $2,600.00 price objective for the company. Argus raised Booking from a “hold” rating to a “buy” rating and set a $2,520.00 price objective for the company in a report on Thursday, March 8th. Finally, SunTrust Banks boosted their price objective on Booking from $2,350.00 to $2,380.00 and gave the company a “buy” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Booking has an average rating of “Buy” and an average target price of $2,093.86.

In other Booking news, CEO Gillian Tans sold 123 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,850.86, for a total transaction of $227,655.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Peter J. Millones sold 3,629 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $2,186.98, for a total value of $7,936,550.42. The disclosure for this sale can be found here. Insiders have sold 4,419 shares of company stock valued at $9,550,806 in the last three months. Insiders own 0.24% of the company’s stock.

Shares of BKNG stock traded down $1.31 on Friday, hitting $2,084.50. The company had a trading volume of 30,809 shares, compared to its average volume of 479,842. The stock has a market cap of $100,471.66, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.26. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.89. Booking has a twelve month low of $1,630.56 and a twelve month high of $2,228.99.

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About Booking

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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Earnings History and Estimates for Booking (NASDAQ:BKNG)

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