FY2019 EPS Estimates for Tripadvisor Inc Lifted by Analyst (NASDAQ:TRIP)

Tripadvisor Inc (NASDAQ:TRIP) – Equities researchers at Oppenheimer increased their FY2019 EPS estimates for shares of Tripadvisor in a research report issued on Monday, February 10th. Oppenheimer analyst J. Kelly now expects that the travel company will post earnings of $1.18 per share for the year, up from their previous forecast of $1.17. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Tripadvisor’s Q4 2019 earnings at $0.22 EPS and FY2020 earnings at $1.36 EPS.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 12th. The travel company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $334.44 million. During the same quarter last year, the company earned $0.27 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis.

Other research analysts have also issued research reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $43.00 price target on shares of Tripadvisor in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered Tripadvisor from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $48.00 to $28.00 in a research report on Friday, November 8th. BidaskClub lowered Tripadvisor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. Piper Sandler cut their price target on Tripadvisor from to and set a “neutral” rating on the stock in a research report on Thursday. Finally, Wedbush cut their price target on Tripadvisor from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.47.

TRIP opened at $29.65 on Thursday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Tripadvisor has a 52 week low of $27.12 and a 52 week high of $58.24. The business’s 50 day moving average is $29.77 and its two-hundred day moving average is $34.66.

Institutional investors have recently bought and sold shares of the stock. DNB Asset Management AS raised its holdings in Tripadvisor by 5.5% during the fourth quarter. DNB Asset Management AS now owns 10,608 shares of the travel company’s stock worth $322,000 after purchasing an additional 553 shares during the last quarter. CWM LLC raised its holdings in shares of Tripadvisor by 0.6% in the fourth quarter. CWM LLC now owns 230,184 shares of the travel company’s stock worth $6,993,000 after acquiring an additional 1,420 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Tripadvisor by 15.8% in the third quarter. Maverick Capital Ltd. now owns 127,454 shares of the travel company’s stock worth $4,930,000 after acquiring an additional 17,384 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Tripadvisor by 43.0% in the third quarter. Nomura Holdings Inc. now owns 383,828 shares of the travel company’s stock worth $14,674,000 after acquiring an additional 115,438 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Tripadvisor in the fourth quarter worth $140,000. Hedge funds and other institutional investors own 84.40% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. 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. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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