Trip.com Group (NASDAQ:TCOM) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Trip.com Group (NASDAQ:TCOM) issued its quarterly earnings results on Monday. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01), Zacks reports. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%.

Trip.com Group Stock Down 3.5 %

Shares of TCOM stock traded down $2.36 during mid-day trading on Monday, hitting $64.66. The stock had a trading volume of 6,049,109 shares, compared to its average volume of 2,882,747. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18. The firm’s 50-day moving average is $68.78 and its two-hundred day moving average is $61.39. The firm has a market capitalization of $41.65 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TCOM shares. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Citigroup lifted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $77.31.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.