SunTrust Banks Research Analysts Increase Earnings Estimates for Trivago NV – (TRVG)
Trivago NV – (NASDAQ:TRVG) – Stock analysts at SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for Trivago in a research report issued to clients and investors on Wednesday, October 24th. SunTrust Banks analyst N. Khan now forecasts that the technology company will earn ($0.09) per share for the year, up from their prior forecast of ($0.13). SunTrust Banks also issued estimates for Trivago’s FY2022 earnings at $0.41 EPS.
Trivago (NASDAQ:TRVG) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. Trivago had a negative return on equity of 5.18% and a negative net margin of 4.61%. The business had revenue of $253.70 million for the quarter, compared to analysts’ expectations of $261.60 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The business’s revenue was down 11.9% compared to the same quarter last year.
TRVG opened at $6.55 on Monday. Trivago has a one year low of $4.01 and a one year high of $10.05.
A number of hedge funds have recently modified their holdings of the stock. 683 Capital Management LLC increased its position in Trivago by 37.5% in the 2nd quarter. 683 Capital Management LLC now owns 5,500,000 shares of the technology company’s stock valued at $24,970,000 after acquiring an additional 1,500,000 shares during the period. Clear Harbor Asset Management LLC acquired a new position in Trivago in the 2nd quarter valued at about $130,000. Atlas Capital Advisors LLC increased its position in Trivago by 200.0% in the 2nd quarter. Atlas Capital Advisors LLC now owns 30,000 shares of the technology company’s stock valued at $136,000 after acquiring an additional 20,000 shares during the period. Trellus Management Company LLC increased its position in Trivago by 40.0% in the 2nd quarter. Trellus Management Company LLC now owns 280,000 shares of the technology company’s stock valued at $1,271,000 after acquiring an additional 80,000 shares during the period. Finally, Jane Street Group LLC acquired a new position in Trivago in the 1st quarter valued at about $108,000. Hedge funds and other institutional investors own 6.23% of the company’s stock.
Trivago Company Profile
trivago N.V., together with its subsidiaries, operates as a hotel search platform. It offers online meta-search for hotels by facilitating consumers' search for hotel accommodation through online travel agents, hotel chains, and independent hotels. The company provides access to its platform through 55 localized Websites and apps in 33 languages.
Receive News & Ratings for Trivago Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trivago and related companies with MarketBeat.com's FREE daily email newsletter.