Booking Holdings Inc. (NASDAQ:BKNG) Declares Quarterly Dividend of $0.42

Booking Holdings Inc. (NASDAQ:BKNG) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, September 11th will be paid a dividend of 0.42 per share by the business services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 11th.

Booking has a dividend payout ratio of 0.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Booking to earn $12.40 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 13.5%.

Booking Stock Down 6.7%

Shares of NASDAQ BKNG opened at $180.30 on Wednesday. Booking has a 52 week low of $150.14 and a 52 week high of $225.00. The firm has a 50-day moving average price of $194.57 and a 200 day moving average price of $178.72. The stock has a market capitalization of $135.47 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07.

Booking (NASDAQ:BKNG) last issued its earnings results on Monday, August 3rd. The business services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.11. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $7.19 billion. Booking had a net margin of 25.53% and a negative return on equity of 102.96%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $55.40 earnings per share. Equities research analysts expect that Booking will post 10.48 EPS for the current fiscal year.

Analyst Ratings Changes

BKNG has been the topic of several research reports. DA Davidson set a $240.00 target price on Booking in a report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Booking in a research report on Wednesday, August 26th. Oppenheimer reissued an “outperform” rating and issued a $240.00 price objective (up from $215.00) on shares of Booking in a research note on Wednesday, August 5th. Susquehanna restated a “positive” rating and set a $240.00 target price on shares of Booking in a report on Thursday, August 6th. Finally, Wells Fargo & Company set a $220.00 target price on shares of Booking and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $236.70.

Booking Company Profile

Booking Holdings Inc is a global provider of online travel and related services. The company connects consumers with accommodations, flights, rental cars, restaurants and travel experiences through a portfolio of digital brands and websites.

Its principal brands include Booking.com, which offers lodging, transportation and travel experiences; Priceline, which provides online booking services for hotels, flights, rental cars and vacation packages; Agoda, which focuses primarily on travel bookings in Asia and other international markets; KAYAK, a travel metasearch engine; OpenTable, a restaurant reservation and management platform; and Rentalcars.com, a global car rental service.

Booking Holdings serves customers, travel providers and restaurants across numerous countries and regions, with a particularly extensive international presence.