Analysts Anticipate TripAdvisor, Inc. (NASDAQ:TRIP) Will Post Quarterly Sales of $149.63 Million

Brokerages expect that TripAdvisor, Inc. (NASDAQ:TRIP) will report $149.63 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TripAdvisor’s earnings, with estimates ranging from $128.00 million to $171.49 million. TripAdvisor reported sales of $278.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 46.2%. The firm is expected to report its next quarterly earnings report on Thursday, May 6th.

On average, analysts expect that TripAdvisor will report full-year sales of $898.65 million for the current fiscal year, with estimates ranging from $801.39 million to $958.00 million. For the next year, analysts anticipate that the business will post sales of $1.25 billion, with estimates ranging from $1.16 billion to $1.36 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow TripAdvisor.

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TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, February 18th. The travel company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.01. TripAdvisor had a negative return on equity of 15.76% and a negative net margin of 24.54%.

TRIP has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of TripAdvisor from $32.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Sanford C. Bernstein began coverage on TripAdvisor in a research note on Monday, November 30th. They issued an “outperform” rating and a $35.00 price objective for the company. Truist boosted their target price on TripAdvisor from $25.00 to $37.00 in a research report on Thursday, January 21st. Credit Suisse Group upped their target price on TripAdvisor from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Monday. Finally, DA Davidson lifted their price target on TripAdvisor from $26.00 to $46.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.00.

In other news, CFO Ernst 02494 Teunissen sold 32,722 shares of TripAdvisor stock in a transaction on Friday, January 8th. The stock was sold at an average price of $34.00, for a total value of $1,112,548.00. Following the completion of the sale, the chief financial officer now owns 23,603 shares of the company’s stock, valued at $802,502. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Seth J. Kalvert sold 18,975 shares of TripAdvisor stock in a transaction on Monday, December 21st. The shares were sold at an average price of $25.69, for a total value of $487,467.75. Following the completion of the sale, the senior vice president now directly owns 34,098 shares of the company’s stock, valued at approximately $875,977.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,047 shares of company stock valued at $1,610,040. Insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new stake in shares of TripAdvisor in the third quarter worth approximately $477,000. Xponance Inc. acquired a new position in shares of TripAdvisor in the 3rd quarter valued at $198,000. Sciencast Management LP purchased a new stake in shares of TripAdvisor during the 3rd quarter valued at $300,000. ARGA Investment Management LP acquired a new stake in shares of TripAdvisor during the 3rd quarter worth $507,000. Finally, YHB Investment Advisors Inc. raised its position in shares of TripAdvisor by 72.5% in the 3rd quarter. YHB Investment Advisors Inc. now owns 25,869 shares of the travel company’s stock worth $507,000 after buying an additional 10,873 shares during the period. 69.51% of the stock is owned by institutional investors.

Shares of TRIP traded up $0.48 during trading hours on Thursday, reaching $45.19. The company had a trading volume of 274,526 shares, compared to its average volume of 2,947,933. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.54. TripAdvisor has a 12-month low of $13.73 and a 12-month high of $46.48. The firm has a 50 day simple moving average of $34.74 and a 200-day simple moving average of $26.16. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of -29.49 and a beta of 1.48.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

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