Brokerages predict that Trip.com Group Limited (NASDAQ:TCOM) will post $362.05 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Trip.com Group’s earnings. The lowest sales estimate is $332.86 million and the highest is $449.10 million. Trip.com Group reported sales of $1.27 billion during the same quarter last year, which would suggest a negative year over year growth rate of 71.5%. The business is expected to issue its next earnings report on Monday, September 14th.
On average, analysts expect that Trip.com Group will report full year sales of $3.07 billion for the current year, with estimates ranging from $2.61 billion to $3.74 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.43 billion, with estimates ranging from $4.69 billion to $6.27 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Trip.com Group.
Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Thursday, May 28th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($3.11). The company had revenue of $669.00 million during the quarter, compared to the consensus estimate of $580.64 million. Trip.com Group had a negative net margin of 8.95% and a positive return on equity of 1.01%. The company’s revenue was down 43.4% compared to the same quarter last year.
Several research firms have recently issued reports on TCOM. Nomura upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, May 29th. ValuEngine cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Bank of America raised their target price on shares of Trip.com Group from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, July 10th. Finally, BTIG Research assumed coverage on shares of Trip.com Group in a report on Wednesday, June 10th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $31.98.
A number of institutional investors have recently bought and sold shares of TCOM. Signaturefd LLC grew its position in Trip.com Group by 77.1% in the 1st quarter. Signaturefd LLC now owns 1,353 shares of the company’s stock worth $32,000 after purchasing an additional 589 shares during the last quarter. Capital Square LLC bought a new stake in shares of Trip.com Group during the 1st quarter worth $39,000. Capital Analysts LLC raised its stake in shares of Trip.com Group by 63.5% during the 2nd quarter. Capital Analysts LLC now owns 1,583 shares of the company’s stock worth $41,000 after purchasing an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Trip.com Group by 40.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,883 shares of the company’s stock worth $44,000 after purchasing an additional 542 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Trip.com Group by 41.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,354 shares of the company’s stock valued at $60,000 after acquiring an additional 685 shares during the period. 69.75% of the stock is owned by hedge funds and other institutional investors.
Trip.com Group stock opened at $29.03 on Friday. The firm has a 50 day simple moving average of $27.64 and a 200-day simple moving average of $26.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $15.90 billion, a PE ratio of -39.77 and a beta of 1.57. Trip.com Group has a 12-month low of $20.10 and a 12-month high of $38.95.
Trip.com Group Company Profile
Trip.com Group Limited operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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