Brokers Offer Predictions for Booking Holdings Inc.’s Q4 2018 Earnings (BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Equities research analysts at Piper Jaffray Companies boosted their Q4 2018 earnings per share (EPS) estimates for shares of Booking in a research note issued to investors on Tuesday, November 6th. Piper Jaffray Companies analyst M. Olson now anticipates that the business services provider will post earnings of $19.25 per share for the quarter, up from their previous forecast of $18.24. Piper Jaffray Companies has a “Overweight” rating and a $2,100.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Booking’s Q1 2019 earnings at $13.30 EPS and Q4 2019 earnings at $20.77 EPS.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating and set a $2,200.00 price objective (up previously from $2,100.00) on shares of Booking in a research report on Wednesday, July 11th. Zacks Investment Research cut shares of Booking from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Benchmark reiterated a “hold” rating on shares of Booking in a research report on Thursday, August 9th. SunTrust Banks reiterated a “buy” rating and set a $2,300.00 price objective on shares of Booking in a research report on Thursday, August 9th. Finally, Stifel Nicolaus cut shares of Booking from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Booking presently has a consensus rating of “Buy” and an average price target of $2,155.87.

Booking stock opened at $1,998.17 on Thursday. The firm has a market cap of $90.32 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. The company has a current ratio of 2.41, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99. Booking has a 52-week low of $1,630.56 and a 52-week high of $2,228.99.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Monday, November 5th. The business services provider reported $37.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $38.37 by ($0.59). The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Booking had a net margin of 19.81% and a return on equity of 26.87%. Booking’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $34.43 EPS.

In other news, CEO Gillian Tans sold 295 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $1,803.58, for a total value of $532,056.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Institutional investors have recently modified their holdings of the business. MUFG Securities EMEA plc bought a new position in Booking during the 2nd quarter worth about $109,000. LFA Lugano Financial Advisors SA bought a new position in Booking during the 3rd quarter worth about $109,000. Harvest Fund Management Co. Ltd grew its holdings in Booking by 86.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 56 shares of the business services provider’s stock worth $114,000 after acquiring an additional 26 shares in the last quarter. First Manhattan Co. grew its holdings in Booking by 90.0% during the 2nd quarter. First Manhattan Co. now owns 57 shares of the business services provider’s stock worth $115,000 after acquiring an additional 27 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in Booking during the 2nd quarter worth about $126,000. Institutional investors own 91.99% of the company’s stock.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Earnings History and Estimates for Booking (NASDAQ:BKNG)

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