TripAdvisor, Inc. (NASDAQ:TRIP) - Investment analysts at SunTrust Banks issued their Q3 2017 earnings estimates for shares of TripAdvisor in a research note issued to investors on Tuesday. SunTrust Banks analyst N. Khan anticipates that the travel company will post earnings per share of $0.28 for the quarter. SunTrust Banks currently has a “Hold” rating and a $44.00 target price on the stock. SunTrust Banks also issued estimates for TripAdvisor’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.81 EPS, FY2018 earnings at $0.68 EPS, FY2019 earnings at $1.09 EPS, FY2020 earnings at $1.60 EPS and FY2021 earnings at $2.21 EPS.
A number of other analysts have also recently commented on TRIP. BidaskClub upgraded TripAdvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Cowen and Company reiterated a “market perform” rating and set a $42.00 price objective (up previously from $40.00) on shares of TripAdvisor in a research report on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price objective (down previously from $45.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, UBS AG reiterated a “neutral” rating and set a $43.00 price objective (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.78.
TripAdvisor (NASDAQ TRIP) opened at 39.92 on Friday. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13. The firm has a market cap of $5.54 billion, a PE ratio of 60.39 and a beta of 2.36. The stock’s 50 day moving average is $38.64 and its 200 day moving average is $42.02.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.05. The firm had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS.
Several institutional investors have recently added to or reduced their stakes in TRIP. Oppenheimer Asset Management Inc. bought a new position in TripAdvisor during the first quarter valued at approximately $113,000. Mn Services Vermogensbeheer B.V. raised its position in TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares during the period. Sphera Funds Management LTD. bought a new position in TripAdvisor during the first quarter valued at approximately $173,000. Finally, Nordea Investment Management AB raised its position in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the period. 90.70% of the stock is currently owned by institutional investors and hedge funds.
About TripAdvisor
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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