Travelzoo (NASDAQ:TZOO) Posts Earnings Results, Beats Expectations By $0.04 EPS

Travelzoo (NASDAQ:TZOO) posted its quarterly earnings data on Thursday. The information services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04, Zacks reports. Travelzoo had a net margin of 15.59% and a return on equity of 157.07%. The business had revenue of $21.14 million for the quarter, compared to analyst estimates of $21.58 million. During the same quarter last year, the business earned $0.17 earnings per share.

Travelzoo Stock Up 7.5 %

Travelzoo stock traded up $0.70 during mid-day trading on Friday, hitting $10.05. The company’s stock had a trading volume of 186,996 shares, compared to its average volume of 71,772. The stock has a market capitalization of $131.66 million, a P/E ratio of 11.04 and a beta of 1.74. Travelzoo has a twelve month low of $4.77 and a twelve month high of $11.23. The stock’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $8.74.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TZOO shares. Barrington Research reiterated an “outperform” rating and set a $12.00 price objective on shares of Travelzoo in a research note on Friday. StockNews.com upgraded shares of Travelzoo from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $7.60, for a total value of $114,000.00. Following the transaction, the insider now owns 5,059,871 shares in the company, valued at $38,455,019.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have sold 82,500 shares of company stock worth $653,225. 57.45% of the stock is owned by insiders.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.