Tripadvisor Inc (TRIP) Expected to Post Quarterly Sales of $386.34 Million

Analysts expect Tripadvisor Inc (NASDAQ:TRIP) to announce $386.34 million in sales for the current quarter, Zacks reports. Eleven analysts have provided estimates for Tripadvisor’s earnings. The lowest sales estimate is $361.00 million and the highest is $400.80 million. Tripadvisor posted sales of $378.00 million in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Tripadvisor will report full year sales of $1.74 billion for the current year, with estimates ranging from $1.71 billion to $1.77 billion. For the next year, analysts expect that the firm will report sales of $1.92 billion, with estimates ranging from $1.88 billion to $1.98 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Tripadvisor.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. Tripadvisor had a return on equity of 9.27% and a net margin of 7.00%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS.



A number of research firms recently weighed in on TRIP. BidaskClub upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 4th. Zacks Investment Research upgraded Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a report on Saturday, November 17th. Piper Jaffray Companies increased their target price on Tripadvisor to $58.00 and gave the company a “neutral” rating in a report on Wednesday, February 13th. DA Davidson set a $62.00 target price on Tripadvisor and gave the company a “hold” rating in a report on Friday, November 23rd. Finally, ValuEngine cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.19.

In other Tripadvisor news, insider Dermot Halpin sold 17,655 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the transaction, the insider now owns 21,791 shares of the company’s stock, valued at approximately $1,235,331.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ernst 02494 Teunissen sold 15,418 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.08, for a total value of $818,387.44. Following the transaction, the chief financial officer now directly owns 12,668 shares in the company, valued at approximately $672,417.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,729 shares of company stock worth $2,627,528. 3.10% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Oakworth Capital Inc. purchased a new position in shares of Tripadvisor during the 4th quarter worth $32,000. Rational Advisors LLC lifted its stake in shares of Tripadvisor by 870.8% during the 4th quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after purchasing an additional 566 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Tripadvisor during the 4th quarter worth $54,000. Captrust Financial Advisors lifted its stake in shares of Tripadvisor by 47.5% during the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after purchasing an additional 349 shares during the period. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Tripadvisor by 19.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after purchasing an additional 186 shares during the period. 87.63% of the stock is currently owned by institutional investors.

Shares of TRIP traded up $0.04 on Tuesday, reaching $51.75. The stock had a trading volume of 25,612 shares, compared to its average volume of 2,393,631. The stock has a market cap of $7.14 billion, a P/E ratio of 49.21, a P/E/G ratio of 3.14 and a beta of 1.31. Tripadvisor has a twelve month low of $36.75 and a twelve month high of $69.00.

About Tripadvisor

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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