Tripadvisor Inc Common Stock (TRIP) Expected to Announce Quarterly Sales of $471.83 Million

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Brokerages forecast that Tripadvisor Inc Common Stock (NASDAQ:TRIP) will report sales of $471.83 million for the current quarter, according to Zacks Investment Research. Thirteen analysts have made estimates for Tripadvisor Inc Common Stock’s earnings, with the highest sales estimate coming in at $479.05 million and the lowest estimate coming in at $466.10 million. Tripadvisor Inc Common Stock reported sales of $439.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The company is expected to announce its next earnings results on Monday, November 5th.

On average, analysts expect that Tripadvisor Inc Common Stock will report full year sales of $1.63 billion for the current fiscal year, with estimates ranging from $1.62 billion to $1.64 billion. For the next year, analysts expect that the business will post sales of $1.78 billion per share, with estimates ranging from $1.74 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Tripadvisor Inc Common Stock.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Tripadvisor Inc Common Stock had a negative net margin of 1.40% and a positive return on equity of 4.36%. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $434.86 million. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year.

A number of analysts recently issued reports on TRIP shares. Barclays upgraded shares of Tripadvisor Inc Common Stock from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $49.00 to $70.00 in a report on Wednesday, July 11th. Wells Fargo & Co restated a “hold” rating and set a $48.00 price objective on shares of Tripadvisor Inc Common Stock in a report on Thursday, August 2nd. ValuEngine upgraded shares of Tripadvisor Inc Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Deutsche Bank raised their price objective on shares of Tripadvisor Inc Common Stock from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, TheStreet downgraded shares of Tripadvisor Inc Common Stock from a “c” rating to a “d+” rating in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.88.

In other Tripadvisor Inc Common Stock news, insider Noel Bertram Watson sold 726 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Seth J. Kalvert sold 5,235 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $57.46, for a total transaction of $300,803.10. Following the transaction, the senior vice president now owns 8,030 shares of the company’s stock, valued at approximately $461,403.80. The disclosure for this sale can be found here. Insiders have sold 17,766 shares of company stock valued at $1,016,923 in the last quarter. Company insiders own 3.10% of the company’s stock.

Large investors have recently modified their holdings of the business. Advisory Services Network LLC boosted its position in shares of Tripadvisor Inc Common Stock by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after acquiring an additional 1,941 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Tripadvisor Inc Common Stock in the second quarter valued at approximately $133,000. Tower Research Capital LLC TRC boosted its position in shares of Tripadvisor Inc Common Stock by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after acquiring an additional 1,147 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Tripadvisor Inc Common Stock by 87.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 3,881 shares of the travel company’s stock valued at $159,000 after acquiring an additional 1,814 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Tripadvisor Inc Common Stock by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock valued at $167,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 87.85% of the company’s stock.

NASDAQ TRIP traded down $1.82 during trading hours on Friday, reaching $51.20. 1,994,200 shares of the company were exchanged, compared to its average volume of 2,635,419. Tripadvisor Inc Common Stock has a 1 year low of $29.50 and a 1 year high of $62.36. The company has a market capitalization of $7.47 billion, a PE ratio of 110.46, a price-to-earnings-growth ratio of 4.00 and a beta of 1.74.

Tripadvisor Inc Common Stock 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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