Analysts predict that Tripadvisor Inc (NASDAQ:TRIP) will announce $470.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Tripadvisor’s earnings, with the lowest sales estimate coming in at $463.16 million and the highest estimate coming in at $479.05 million. Tripadvisor reported sales of $439.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The business is scheduled to report its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Tripadvisor will report full year sales of $1.63 billion for the current financial year, with estimates ranging from $1.62 billion to $1.64 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.77 billion per share, with estimates ranging from $1.74 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Tripadvisor.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.16. The firm had revenue of $433.00 million for the quarter, compared to the consensus estimate of $434.86 million. Tripadvisor had a positive return on equity of 4.36% and a negative net margin of 1.40%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS.

TRIP has been the topic of several recent research reports. BidaskClub upgraded Tripadvisor from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. ValuEngine upgraded Tripadvisor from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Stifel Nicolaus upped their price target on Tripadvisor from $42.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Needham & Company LLC upgraded Tripadvisor from an “underperform” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Wells Fargo & Co restated a “hold” rating and set a $48.00 price target on shares of Tripadvisor in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.88.

NASDAQ TRIP traded up $0.40 during trading hours on Wednesday, hitting $50.00. 4,178,236 shares of the company were exchanged, compared to its average volume of 1,433,592. Tripadvisor has a 52-week low of $29.50 and a 52-week high of $62.36. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 104.17, a price-to-earnings-growth ratio of 3.64 and a beta of 1.73.

In related news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Tripadvisor by 3.3% in the 1st quarter. BlackRock Inc. now owns 10,628,682 shares of the travel company’s stock valued at $434,607,000 after purchasing an additional 343,853 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Tripadvisor by 15.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,088,039 shares of the travel company’s stock valued at $126,270,000 after purchasing an additional 403,489 shares during the period. FIL Ltd boosted its position in shares of Tripadvisor by 14.8% in the 1st quarter. FIL Ltd now owns 2,274,335 shares of the travel company’s stock valued at $92,997,000 after purchasing an additional 292,440 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Tripadvisor by 5.3% in the 1st quarter. Allianz Asset Management GmbH now owns 1,912,365 shares of the travel company’s stock valued at $78,197,000 after purchasing an additional 96,247 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Tripadvisor by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,245,609 shares of the travel company’s stock valued at $69,393,000 after purchasing an additional 5,707 shares during the period. 87.82% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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