Wall Street brokerages predict that TripAdvisor, Inc. (NASDAQ:TRIP) will post sales of $478.84 million for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for TripAdvisor’s earnings, with the highest sales estimate coming in at $485.60 million and the lowest estimate coming in at $471.70 million. TripAdvisor posted sales of $421.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that TripAdvisor will report full-year sales of $478.84 million for the current year, with estimates ranging from $1.60 billion to $1.65 billion. For the next year, analysts expect that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.82 billion to $1.91 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TripAdvisor.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.05. The firm had revenue of $424 million during the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.43% and a net margin of 6.26%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share.

TRIP has been the subject of a number of research reports. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 target price on shares of TripAdvisor in a research note on Monday. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Vetr cut TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price for the company. in a research note on Monday, April 17th. Credit Suisse Group cut TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $40.00 to $34.00 in a research note on Monday, June 19th. Finally, Barclays PLC lowered their target price on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.94.

Several institutional investors have recently bought and sold shares of TRIP. Oppenheimer Asset Management Inc. bought a new position in TripAdvisor during the first quarter worth approximately $113,000. Mn Services Vermogensbeheer B.V. raised its position in TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after buying an additional 201 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock worth $171,000 after buying an additional 160 shares in the last quarter. Sphera Funds Management LTD. bought a new position in TripAdvisor during the first quarter worth approximately $173,000. Finally, Nordea Investment Management AB raised its position in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.

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Shares of TripAdvisor (TRIP) traded down 0.15% on Thursday, reaching $40.48. 3,867,326 shares of the company were exchanged. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $70.37. The stock has a market capitalization of $5.62 billion, a P/E ratio of 58.50 and a beta of 2.36. The stock has a 50 day moving average price of $37.91 and a 200-day moving average price of $42.53. TripAdvisor also was the target of unusually large options trading on Tuesday. Traders purchased 12,124 put options on the company. This is an increase of 753% compared to the typical volume of 1,421 put options.

TripAdvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

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