Trip.com Group Limited (NASDAQ:TCOM) Expected to Post Quarterly Sales of $805.69 Million

Wall Street brokerages predict that Trip.com Group Limited (NASDAQ:TCOM) will post $805.69 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Trip.com Group’s earnings. The highest sales estimate is $808.93 million and the lowest is $802.45 million. Trip.com Group reported sales of $805.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.1%. The firm is expected to issue its next earnings results on Tuesday, December 7th.

On average, analysts expect that Trip.com Group will report full year sales of $3.13 billion for the current financial year, with estimates ranging from $2.98 billion to $3.25 billion. For the next financial year, analysts expect that the company will post sales of $4.67 billion, with estimates ranging from $3.99 billion to $5.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Trip.com Group.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Wednesday, September 22nd. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $1.17. Trip.com Group had a negative return on equity of 0.61% and a net margin of 22.52%. The company had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. The firm’s quarterly revenue was up 86.5% on a year-over-year basis.

TCOM has been the topic of several recent analyst reports. HSBC cut their price target on Trip.com Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Sunday, September 26th. Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of Trip.com Group in a report on Friday, September 24th. CLSA lowered their price objective on Trip.com Group from $50.00 to $46.00 and set a “buy” rating for the company in a report on Monday, September 27th. BTIG Research reissued a “hold” rating on shares of Trip.com Group in a report on Tuesday, October 5th. Finally, Mizuho assumed coverage on Trip.com Group in a report on Friday, September 24th. They issued a “buy” rating and a $42.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $43.62.

Shares of NASDAQ:TCOM traded up $0.53 during trading on Wednesday, hitting $32.20. The company’s stock had a trading volume of 2,542,617 shares, compared to its average volume of 4,945,732. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.03 and a current ratio of 1.03. Trip.com Group has a fifty-two week low of $23.61 and a fifty-two week high of $45.19. The stock’s 50-day moving average price is $28.72 and its two-hundred day moving average price is $33.52. The company has a market capitalization of $19.31 billion, a PE ratio of 32.99 and a beta of 1.30.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp boosted its position in shares of Trip.com Group by 4.0% during the first quarter. Stifel Financial Corp now owns 7,453 shares of the company’s stock worth $295,000 after buying an additional 287 shares during the period. Cigna Investments Inc. New boosted its position in shares of Trip.com Group by 4.8% during the second quarter. Cigna Investments Inc. New now owns 8,962 shares of the company’s stock worth $318,000 after buying an additional 413 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Trip.com Group by 16.8% during the second quarter. Quadrant Capital Group LLC now owns 2,887 shares of the company’s stock worth $102,000 after buying an additional 416 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Trip.com Group by 0.6% during the first quarter. Panagora Asset Management Inc. now owns 75,935 shares of the company’s stock worth $3,009,000 after buying an additional 427 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Trip.com Group by 9.2% in the second quarter. Park Avenue Securities LLC now owns 5,802 shares of the company’s stock worth $206,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 69.03% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Earnings History and Estimates for Trip.com Group (NASDAQ:TCOM)

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