priceline.com (NASDAQ:PCLN) announced its earnings results on Thursday. The company reported $17.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $16.21 by $1.09, StockRatingsNetwork reports. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company posted $12.40 earnings per share. priceline.com’s revenue was up 33.1% compared to the same quarter last year. priceline.com updated its Q4 guidance to $7.80-8.30 EPS.
Shares of priceline.com (NASDAQ:PCLN) traded down 3.32% during mid-day trading on Thursday, hitting $1022.89. 1,307,885 shares of the company’s stock traded hands. priceline.com has a 52-week low of $597.15 and a 52-week high of $1098.70. The stock’s 50-day moving average is $1037. and its 200-day moving average is $903.. The company has a market cap of $52.679 billion and a P/E ratio of 34.79. priceline.com also was the target of some unusual options trading on Thursday. Traders bought 32,080 call options on the stock. This is an increase of 136% compared to the average daily volume of 13,583 call options.
Several analysts have recently commented on the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of priceline.com in a research note to investors on Tuesday. They now have a $1,220.00 price target on the stock, up previously from $1,060.00. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of priceline.com in a research note to investors on Tuesday. They now have a $1,150.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of priceline.com in a research note to investors on Monday. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,078.35.
Priceline Com Incorporated, is an online travel company that offers its customers hotel room reservations at over 295,000 hotels worldwide through the Booking.
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