Tripadvisor (TRIP) Set to Announce Quarterly Earnings on Thursday

Tripadvisor (NASDAQ:TRIP – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Tripadvisor (NASDAQ:TRIP – Get Rating) last released its earnings results on Wednesday, May 4th. The travel company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative return on equity of 12.01% and a negative net margin of 9.80%. The business’s revenue for the quarter was up 113.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.56) EPS. On average, analysts expect Tripadvisor to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Tripadvisor Trading Up 6.8%

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NASDAQ TRIP opened at $19.20 on Thursday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -26.30, a PEG ratio of 1.58 and a beta of 1.46. Tripadvisor has a one year low of $16.87 and a one year high of $39.41. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 2.23. The business’s fifty day moving average is $20.66 and its 200-day moving average is $24.22.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRIP. Ascendiant Capital Markets set a $36.00 price objective on Tripadvisor in a report on Monday, June 20th. Truist Financial reduced their target price on Tripadvisor from $57.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Citigroup reduced their target price on Tripadvisor from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, May 9th. StockNews.com assumed coverage on Tripadvisor in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. reduced their target price on Tripadvisor from $23.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $31.22.

Institutional Trading of Tripadvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Captrust Financial Advisors boosted its stake in Tripadvisor by 20.4% in the first quarter. Captrust Financial Advisors now owns 8,352 shares of the travel company’s stock worth $227,000 after buying an additional 1,418 shares in the last quarter. Bridgewater Associates LP purchased a new stake in Tripadvisor in the first quarter worth approximately $229,000. Ontario Teachers Pension Plan Board purchased a new stake in Tripadvisor in the first quarter worth approximately $250,000. Ergoteles LLC purchased a new stake in Tripadvisor in the first quarter worth approximately $316,000. Finally, Investnet Asset Management Inc. boosted its stake in shares of Tripadvisor by 3.9% during the first quarter. Investnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 82.89% of the company’s stock.

Tripadvisor Company Profile

(Get Rating)

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 40 markets and 20 languages.

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Earnings History for Tripadvisor (NASDAQ:TRIP)

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