Tripadvisor Inc to Post FY2017 Earnings of $0.71 Per Share, Oppenheimer Forecasts (NASDAQ:TRIP)

Tripadvisor Inc (NASDAQ:TRIP) – Oppenheimer upped their FY2017 EPS estimates for Tripadvisor in a note issued to investors on Sunday, Zacks Investment Research reports. Oppenheimer analyst J. Kelly now anticipates that the travel company will post earnings of $0.71 per share for the year, up from their previous estimate of $0.65. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Tripadvisor’s Q4 2017 earnings at $0.02 EPS, Q3 2018 earnings at $0.32 EPS, FY2018 earnings at $0.68 EPS and FY2020 earnings at $0.94 EPS.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the prior year, the firm posted $0.53 EPS. Tripadvisor’s revenue was up 4.3% compared to the same quarter last year.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday. Wells Fargo & Co reissued a “market perform” rating and issued a $33.00 price target (down from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Jefferies Group reissued a “sell” rating and issued a $35.00 price target on shares of Tripadvisor in a research report on Thursday, September 28th. Hilliard Lyons lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.42.

Tripadvisor (TRIP) traded up $0.79 during trading hours on Wednesday, hitting $35.28. 4,182,364 shares of the stock traded hands, compared to its average volume of 2,365,534. Tripadvisor has a one year low of $29.50 and a one year high of $53.58. The company has a market cap of $4,900.00, a price-to-earnings ratio of 75.06, a price-to-earnings-growth ratio of 4.11 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. grew its holdings in shares of Tripadvisor by 0.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares in the last quarter. Advisor Group Inc. boosted its stake in Tripadvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock valued at $321,000 after buying an additional 118 shares in the last quarter. Norinchukin Bank The boosted its stake in Tripadvisor by 4.4% in the second quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock valued at $293,000 after buying an additional 326 shares in the last quarter. Intact Investment Management Inc. raised its position in Tripadvisor by 5.7% in the second quarter. Intact Investment Management Inc. now owns 9,300 shares of the travel company’s stock valued at $355,000 after purchasing an additional 500 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Tripadvisor by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 163,163 shares of the travel company’s stock valued at $6,233,000 after purchasing an additional 582 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

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Tripadvisor Company Profile

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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