Tripadvisor (NASDAQ:TRIP) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Tripadvisor (NASDAQ:TRIP) released its earnings results on Tuesday. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02, Briefing.com reports. The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a return on equity of 11.87% and a net margin of 1.32%. Tripadvisor’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share.

Tripadvisor Stock Down 2.0 %

TRIP traded down $0.28 during trading on Friday, hitting $13.75. The stock had a trading volume of 134,929 shares, compared to its average volume of 2,413,059. The company has a market capitalization of $1.92 billion, a PE ratio of 93.54, a PEG ratio of 1.43 and a beta of 1.42. Tripadvisor has a twelve month low of $13.41 and a twelve month high of $28.76. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50 day simple moving average of $17.63 and a two-hundred day simple moving average of $22.05.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. BTIG Research reduced their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday. Barclays reduced their price objective on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, May 10th. DA Davidson lowered Tripadvisor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $20.00 in a report on Thursday, May 9th. Finally, B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $26.00 to $19.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus target price of $20.29.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.