Zacks: Brokerages Anticipate Trip.com Group Limited (NASDAQ:TCOM) Will Announce Quarterly Sales of $602.22 Million

Equities analysts expect Trip.com Group Limited (NASDAQ:TCOMGet Rating) to report sales of $602.22 million for the current quarter, Zacks reports. Three analysts have issued estimates for Trip.com Group’s earnings, with the lowest sales estimate coming in at $593.75 million and the highest estimate coming in at $614.27 million. Trip.com Group reported sales of $628.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.1%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Trip.com Group will report full-year sales of $3.39 billion for the current fiscal year, with estimates ranging from $2.83 billion to $4.17 billion. For the next year, analysts forecast that the business will report sales of $5.20 billion, with estimates ranging from $4.00 billion to $6.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Trip.com Group.

Trip.com Group (NASDAQ:TCOMGet Rating) last released its earnings results on Wednesday, March 23rd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.29. Trip.com Group had a negative net margin of 2.87% and a positive return on equity of 0.19%. The firm had revenue of $735.00 million during the quarter, compared to analyst estimates of $679.36 million. During the same quarter in the previous year, the business earned $0.14 EPS.

A number of research firms have commented on TCOM. Macquarie raised shares of Trip.com Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 15th. Zacks Investment Research raised shares of Trip.com Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. CLSA reduced their price target on shares of Trip.com Group from $39.00 to $35.00 in a research report on Friday, March 25th. Barclays assumed coverage on shares of Trip.com Group in a research report on Tuesday, February 8th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, Mizuho reduced their price target on shares of Trip.com Group from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, March 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $33.13.

TCOM traded down $0.17 during trading on Friday, reaching $21.48. 75,889 shares of the company’s stock were exchanged, compared to its average volume of 4,281,659. The company’s fifty day moving average price is $22.22 and its 200-day moving average price is $25.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 1.00. Trip.com Group has a fifty-two week low of $14.29 and a fifty-two week high of $42.04.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its position in Trip.com Group by 49.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock worth $47,000 after buying an additional 633 shares in the last quarter. Pinebridge Investments L.P. bought a new stake in Trip.com Group in the 4th quarter valued at about $52,000. Exane Derivatives bought a new stake in Trip.com Group in the 1st quarter valued at about $78,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Trip.com Group by 44.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,015 shares of the company’s stock valued at $122,000 after purchasing an additional 1,541 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in Trip.com Group by 19.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after purchasing an additional 1,068 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile (Get Rating)

Trip.com Group Limited 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. It 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, including flight delay insurance, air accident insurance, 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.

Recommended Stories

Get a free copy of the Zacks research report on Trip.com Group (TCOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Trip.com Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trip.com Group and related companies with MarketBeat.com's FREE daily email newsletter.