The Priceline Group Inc. (NASDAQ:PCLN) Set to Announce Earnings on Tuesday
The Priceline Group Inc. (NASDAQ:PCLN) will release its earnings data after the market closes on Tuesday, August 8th. Analysts expect The Priceline Group to post earnings of $14.27 per share for the quarter. The Priceline Group has set its Q2 guidance at $13.30-14.00 EPS.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.83 by $1.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. The Priceline Group had a net margin of 20.12% and a return on equity of 33.94%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.54 earnings per share. On average, analysts expect The Priceline Group to post $74.22 EPS for the current fiscal year and $87.61 EPS for the next fiscal year.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 2032.77 on Monday. The firm’s 50-day moving average is $1,920.50 and its 200 day moving average is $1,790.59. The Priceline Group Inc. has a 12-month low of $1,336.03 and a 12-month high of $2,043.95. The stock has a market capitalization of $99.89 billion, a P/E ratio of 45.89 and a beta of 1.42.
In other The Priceline Group news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of The Priceline Group stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the sale, the director now directly owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,744 shares of company stock worth $3,245,648. Corporate insiders own 0.42% of the company’s stock.
A number of equities research analysts have issued reports on the company. Cowen and Company boosted their price target on The Priceline Group from $1,850.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 19th. UBS AG restated a “buy” rating and set a $2,100.00 price target (up from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Cantor Fitzgerald restated an “overweight” rating and set a $1,850.00 price target on shares of The Priceline Group in a research note on Monday, April 17th. Vetr upgraded The Priceline Group from a “sell” rating to a “hold” rating and set a $1,875.00 price target for the company in a research note on Thursday, May 11th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $110.00 price target (down from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,899.45.
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The Priceline Group Company Profile
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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