Tripadvisor Inc (NASDAQ:TRIP) – Stock analysts at KeyCorp reduced their Q2 2018 earnings estimates for Tripadvisor in a research report issued on Monday. KeyCorp analyst B. Erickson now forecasts that the travel company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.19. KeyCorp also issued estimates for Tripadvisor’s Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.15 EPS.
Tripadvisor (NASDAQ:TRIP) last announced 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). The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share.
Shares of TRIP stock opened at $40.11 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.67 and a current ratio of 2.67. The company has a market cap of $5,780.26, a P/E ratio of 74.27, a price-to-earnings-growth ratio of 4.42 and a beta of 1.95. Tripadvisor has a fifty-two week low of $29.50 and a fifty-two week high of $50.95.
Tripadvisor declared that its board has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the transaction, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dermot Halpin sold 26,313 shares of the firm’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 disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in TRIP. Crossmark Global Holdings Inc. bought a new position in shares of Tripadvisor in the third quarter valued at $442,000. Victory Capital Management Inc. grew its stake in shares of Tripadvisor by 11.4% in the third quarter. Victory Capital Management Inc. now owns 25,420 shares of the travel company’s stock valued at $1,030,000 after buying an additional 2,594 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Tripadvisor by 2.1% in the third quarter. New York State Common Retirement Fund now owns 273,101 shares of the travel company’s stock valued at $11,069,000 after buying an additional 5,500 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Tripadvisor by 10.4% in the third quarter. Toronto Dominion Bank now owns 41,394 shares of the travel company’s stock valued at $1,677,000 after buying an additional 3,887 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Tripadvisor by 11.5% in the third quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock valued at $742,000 after buying an additional 1,884 shares in the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.
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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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