Travelzoo (NASDAQ:TZOO) Expected to Post Quarterly Sales of $19.21 Million

Equities research analysts expect Travelzoo (NASDAQ:TZOO) to report sales of $19.21 million for the current quarter, according to Zacks. Two analysts have provided estimates for Travelzoo’s earnings, with the highest sales estimate coming in at $20.77 million and the lowest estimate coming in at $17.65 million. Travelzoo posted sales of $12.48 million in the same quarter last year, which would indicate a positive year over year growth rate of 53.9%. The firm is scheduled to report its next earnings report on Wednesday, March 16th.

According to Zacks, analysts expect that Travelzoo will report full year sales of $68.26 million for the current fiscal year, with estimates ranging from $66.70 million to $69.82 million. For the next financial year, analysts forecast that the business will report sales of $84.06 million, with estimates ranging from $81.00 million to $87.12 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Travelzoo.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Thursday, October 28th. The information services provider reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $15.69 million during the quarter, compared to the consensus estimate of $20.26 million. Travelzoo had a net margin of 8.00% and a return on equity of 929.93%. During the same period in the previous year, the company earned ($0.10) earnings per share.

TZOO has been the topic of several research reports. Zacks Investment Research downgraded shares of Travelzoo from a “hold” rating to a “sell” rating in a research note on Tuesday, January 4th. Barrington Research reduced their price objective on shares of Travelzoo from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, November 1st. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Travelzoo currently has an average rating of “Buy” and an average price target of $17.00.

Shares of TZOO opened at $9.91 on Friday. The firm has a market capitalization of $121.49 million, a PE ratio of 27.53 and a beta of 1.87. The company’s 50-day moving average is $9.97 and its 200-day moving average is $11.56. Travelzoo has a fifty-two week low of $9.10 and a fifty-two week high of $19.83.

In other news, CEO Holger Bartel sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, December 6th. The shares were sold at an average price of $9.79, for a total value of $34,265.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ralph Bartel purchased 61,500 shares of Travelzoo stock in a transaction dated Thursday, December 16th. The stock was bought at an average price of $10.26 per share, for a total transaction of $630,990.00. The disclosure for this purchase can be found here. Insiders have sold 149,354 shares of company stock worth $1,533,213 over the last quarter. Corporate insiders own 54.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Travelzoo in the 3rd quarter valued at approximately $49,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Travelzoo in the 2nd quarter valued at approximately $84,000. Eidelman Virant Capital bought a new position in Travelzoo in the 3rd quarter valued at approximately $117,000. Natixis bought a new position in Travelzoo in the 3rd quarter valued at approximately $153,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Travelzoo by 5.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,880 shares of the information services provider’s stock valued at $254,000 after buying an additional 1,062 shares during the last quarter. Institutional investors own 32.26% of the company’s stock.

About Travelzoo

Travelzoo operates as a global media commerce company that engages in the provision of information to subscribers and website users about travel, entertainment and local deals available from various companies. Its publications and products include the Travelzoo website (travelzoo.com); the Travelzoo iPhone and Android apps; the Travelzoo Top 20 e-mail newsletter; and the Newsflash e-mail alert service.

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