Tripadvisor (NASDAQ:TRIP) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Tripadvisor (NASDAQ:TRIP) announced its quarterly earnings results on Thursday. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08), Zacks reports. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%.

Tripadvisor Stock Down 6.0 %

NASDAQ:TRIP traded down $1.06 on Thursday, hitting $16.65. The stock had a trading volume of 2,971,003 shares, compared to its average volume of 2,509,197. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $2.32 billion, a P/E ratio of 72.29, a price-to-earnings-growth ratio of 9.63 and a beta of 1.34. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The firm’s fifty day simple moving average is $15.90 and its two-hundred day simple moving average is $14.99.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRIP. UBS Group lowered their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Cantor Fitzgerald decreased their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. DA Davidson restated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Wedbush restated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

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.