Tripadvisor (NASDAQ:TRIP) announced its earnings results on Wednesday. The travel company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04, Briefing.com reports. The company had revenue of $335.00 million during the quarter, compared to analyst estimates of $334.44 million. Tripadvisor had a net margin of 8.01% and a return on equity of 9.59%. Tripadvisor’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share.
Shares of NASDAQ:TRIP opened at $29.65 on Friday. The firm’s 50 day moving average price is $29.77 and its 200 day moving average price is $34.66. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. Tripadvisor has a fifty-two week low of $27.12 and a fifty-two week high of $58.24.
Several brokerages have recently issued reports on TRIP. Piper Jaffray Companies increased their price target on shares of Tripadvisor from $39.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. BidaskClub cut shares of Tripadvisor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. DA Davidson reduced their price target on shares of Tripadvisor to $44.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Oppenheimer reissued a “hold” rating on shares of Tripadvisor in a research report on Thursday. Finally, JPMorgan Chase & Co. cut shares of Tripadvisor from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $48.00 to $28.00 in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.47.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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