Tripadvisor (TRIP) Scheduled to Post Quarterly Earnings on Wednesday

Tripadvisor (NASDAQ:TRIP) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. Tripadvisor’s revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts expect Tripadvisor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tripadvisor Stock Up 2.4 %

Shares of NASDAQ TRIP opened at $16.04 on Wednesday. The stock has a market capitalization of $2.22 billion, a PE ratio of 106.93, a P/E/G ratio of 10.05 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average of $14.49 and a 200-day moving average of $17.38. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of research reports. BMO Capital Markets lowered their price target on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. UBS Group dropped their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.