Tripadvisor Inc (NASDAQ:TRIP) – Stock analysts at SunTrust Banks issued their Q2 2018 earnings per share (EPS) estimates for shares of Tripadvisor in a note issued to investors on Thursday, according to Zacks Investment Research. SunTrust Banks analyst N. Khan forecasts that the travel company will post earnings per share of $0.23 for the quarter. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Tripadvisor’s Q3 2018 earnings at $0.32 EPS.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. During the same period last year, the firm posted $0.16 EPS. Tripadvisor’s quarterly revenue was up 1.6% compared to the same quarter last year.
Tripadvisor (TRIP) traded up $1.77 during mid-day trading on Monday, hitting $44.05. 3,066,589 shares of the stock traded hands, compared to its average volume of 3,970,000. Tripadvisor has a 1 year low of $29.50 and a 1 year high of $50.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market capitalization of $6,120.00, a P/E ratio of 115.92, a PEG ratio of 4.58 and a beta of 1.95.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Tripadvisor by 3.9% during the fourth quarter. BlackRock Inc. now owns 10,284,829 shares of the travel company’s stock valued at $354,417,000 after acquiring an additional 386,662 shares during the last quarter. Jackson Square Partners LLC grew its holdings in shares of Tripadvisor by 2.8% in the third quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock worth $416,637,000 after purchasing an additional 283,336 shares during the last quarter. Carmignac Gestion grew its holdings in shares of Tripadvisor by 9.4% in the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after purchasing an additional 585,879 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Tripadvisor by 2.2% in the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after purchasing an additional 135,568 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Tripadvisor by 4.7% in the fourth quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock worth $94,403,000 after purchasing an additional 121,700 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.
In other Tripadvisor news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares in the company, valued at approximately $554,640. The disclosure for this sale can be found here. Insiders sold 36,116 shares of company stock worth $1,508,256 in the last 90 days. 1.09% of the stock is currently owned by company insiders.
Tripadvisor declared that its board has approved a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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