Oppenheimer Weighs in on Tripadvisor Inc’s Q1 2018 Earnings (TRIP)

Tripadvisor Inc (NASDAQ:TRIP) – Research analysts at Oppenheimer issued their Q1 2018 earnings estimates for Tripadvisor in a report released on Sunday. Oppenheimer analyst J. Kelly forecasts that the travel company will earn $0.05 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Tripadvisor’s Q2 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.08 EPS and FY2019 earnings at $0.81 EPS.

Several other research firms have also recently weighed in on TRIP. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Cowen reaffirmed a “hold” rating and set a $42.00 price objective on shares of Tripadvisor in a research report on Tuesday, September 12th. Jefferies Group cut Tripadvisor from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $50.00 to $30.00 in a research report on Thursday, August 24th. Zacks Investment Research cut Tripadvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tripadvisor in a research report on Wednesday, October 4th. Seven investment analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. Tripadvisor presently has an average rating of “Hold” and a consensus target price of $39.44.

Shares of Tripadvisor (TRIP) traded up $0.43 during trading on Tuesday, hitting $35.46. The company’s stock had a trading volume of 3,732,300 shares, compared to its average volume of 3,169,608. Tripadvisor has a 12 month low of $29.50 and a 12 month high of $53.58. The company has a market capitalization of $4,864.90, a P/E ratio of 50.77, a P/E/G ratio of 2.84 and a beta of 2.32. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tripadvisor by 1.0% in the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock valued at $410,959,000 after buying an additional 105,571 shares during the last quarter. Jackson Square Partners LLC lifted its position in shares of Tripadvisor by 2.8% in the third quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock valued at $416,637,000 after buying an additional 283,336 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tripadvisor by 23.9% in the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after buying an additional 1,713,523 shares during the last quarter. Carmignac Gestion lifted its position in shares of Tripadvisor by 9.4% in the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after buying an additional 585,879 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Tripadvisor by 2.2% in the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock valued at $254,731,000 after buying an additional 135,568 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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