Travelzoo (NASDAQ:TZOO) Announces Earnings Results

Travelzoo (NASDAQ:TZOO) issued its earnings results on Wednesday. The information services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06, Yahoo Finance reports. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The company had revenue of $20.10 million during the quarter, compared to the consensus estimate of $21.15 million. During the same period in the previous year, the firm posted $0.16 earnings per share.

Travelzoo Stock Performance

Shares of TZOO stock traded up $0.60 during midday trading on Friday, reaching $15.63. 116,994 shares of the company were exchanged, compared to its average volume of 105,953. The company’s 50 day moving average price is $12.67 and its two-hundred day moving average price is $10.03. Travelzoo has a 12 month low of $6.57 and a 12 month high of $15.71. The company has a market cap of $192.09 million, a P/E ratio of 15.94 and a beta of 1.74.

Wall Street Analyst Weigh In

TZOO has been the subject of several analyst reports. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Litchfield Hills Research started coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price target for the company. Barrington Research raised their price target on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Ascendiant Capital Markets upped their price objective on shares of Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, August 19th.

Travelzoo announced that its board has approved a share repurchase program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Holger Bartel sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $11.44, for a total value of $1,144,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Azzurro Capital Inc sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $12.54, for a total transaction of $125,400.00. Following the sale, the insider now owns 4,875,196 shares in the company, valued at $61,134,957.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Holger Bartel sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $11.44, for a total transaction of $1,144,000.00. The disclosure for this sale can be found here. Insiders have sold 379,254 shares of company stock worth $4,459,596 in the last ninety days. 57.45% of the stock is currently owned by corporate insiders.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.