Booking Holdings Inc. Forecasted to Earn FY2018 Earnings of $89.49 Per Share (BKNG)

Booking Holdings Inc. (NASDAQ:BKNG) – Analysts at Wedbush lifted their FY2018 earnings per share estimates for shares of Booking in a note issued to investors on Friday, August 10th. Wedbush analyst J. Hardiman now forecasts that the business services provider will post earnings of $89.49 per share for the year, up from their previous estimate of $89.39. Wedbush also issued estimates for Booking’s Q4 2018 earnings at $19.37 EPS and FY2019 earnings at $108.00 EPS.

Booking (NASDAQ:BKNG) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $20.67 EPS for the quarter, beating the Zacks’ consensus estimate of $17.34 by $3.33. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.45 billion. Booking had a net margin of 20.07% and a return on equity of 24.74%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $24.39 earnings per share.

Other equities analysts also recently issued reports about the stock. Cowen set a $2,375.00 target price on shares of Booking and gave the stock a “buy” rating in a research note on Saturday. Jefferies Financial Group downgraded shares of Booking from a “neutral” rating to a “hold” rating and set a $2,060.00 target price for the company. in a research note on Friday. Credit Suisse Group reaffirmed a “buy” rating and issued a $2,100.00 target price (down from $2,250.00) on shares of Booking in a research note on Friday. DA Davidson set a $1,990.00 target price on shares of Booking and gave the stock a “hold” rating in a research note on Friday. Finally, Mizuho dropped their target price on shares of Booking to $2,400.00 and set a “buy” rating for the company in a research note on Friday. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $2,154.45.

NASDAQ:BKNG opened at $1,854.26 on Monday. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.47 and a beta of 1.21. Booking has a 12 month low of $1,630.56 and a 12 month high of $2,228.99. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.86.

In related news, CEO Gillian Tans sold 295 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $2,030.98, for a total transaction of $599,139.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BKNG. BlackRock Inc. bought a new stake in shares of Booking during the first quarter worth approximately $6,448,282,000. Edgewood Management LLC bought a new stake in shares of Booking during the first quarter worth approximately $1,378,227,000. Northern Trust Corp bought a new stake in shares of Booking during the first quarter worth approximately $1,158,506,000. Summit Trail Advisors LLC bought a new stake in shares of Booking during the first quarter worth approximately $458,000. Finally, Brown Advisory Inc. bought a new stake in shares of Booking during the first quarter worth approximately $616,639,000. 91.67% of the stock is owned by institutional investors and hedge funds.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Earnings History and Estimates for Booking (NASDAQ:BKNG)

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