Equities research analysts forecast that Tripadvisor Inc (NASDAQ:TRIP) will post sales of $310.89 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Tripadvisor’s earnings. The lowest sales estimate is $306.12 million and the highest is $320.22 million. Tripadvisor posted sales of $316.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 14th.

On average, analysts expect that Tripadvisor will report full-year sales of $310.89 million for the current year, with estimates ranging from $1.54 billion to $1.58 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.62 billion per share, with estimates ranging from $1.56 billion to $1.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Tripadvisor.

A number of research analysts have issued reports on TRIP shares. Royal Bank of Canada restated a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research report on Friday, November 3rd. Jefferies Group reiterated a “sell” rating and issued a $35.00 price target on shares of Tripadvisor in a research report on Tuesday, October 31st. Wells Fargo & Co reiterated a “market perform” rating and issued a $33.00 price target (down from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Deutsche Bank cut their price target on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Finally, Cowen reiterated a “market perform” rating and issued a $40.00 price target (up from $30.00) on shares of Tripadvisor in a research report on Monday, November 27th. Eight analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.42.

Tripadvisor (NASDAQ TRIP) traded down $0.60 during trading on Wednesday, reaching $37.71. 3,840,000 shares of the company’s stock were exchanged, compared to its average volume of 3,190,000. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.29. The firm has a market cap of $5,240.00, a P/E ratio of 80.23, a PEG ratio of 4.42 and a beta of 2.22.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Tripadvisor by 3.9% during the 4th quarter. BlackRock Inc. now owns 10,284,829 shares of the travel company’s stock worth $354,417,000 after acquiring an additional 386,662 shares in the last quarter. Jackson Square Partners LLC grew its stake in shares of Tripadvisor by 2.8% during the 3rd quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock worth $416,637,000 after acquiring an additional 283,336 shares in the last quarter. Carmignac Gestion grew its stake in shares of Tripadvisor by 9.4% during the 3rd quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after acquiring an additional 585,879 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Tripadvisor by 2.2% during the 3rd quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after acquiring an additional 135,568 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Tripadvisor by 8.5% during the 3rd quarter. Macquarie Group Ltd. now owns 2,609,665 shares of the travel company’s stock worth $105,770,000 after acquiring an additional 204,113 shares in the last quarter. 90.33% 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.

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Earnings History and Estimates for Tripadvisor (NASDAQ:TRIP)

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