Booking (BKNG) to announce its quarterly results on Wednesday
Booking (NASDAQ: BKNG) is expected to release its quarterly results after the market closes on Wednesday, November 3. Analysts expect the company to report earnings of $ 31.57 per share for the quarter. Parties wishing to listen to the corporate conference call can do so by using this link.
Booking (NASDAQ: BKNG) last released its quarterly results on Tuesday, August 3. The business services provider reported ($ 2.55) earnings per share (EPS) for the quarter, beating Thomson Reuters consensus estimate of ($ 2.69) by $ 0.14. Booking had a return on equity of 3.32% and a net margin of 5.77%. The company posted revenue of $ 2.16 billion in the quarter, compared to analysts’ expectations of $ 1.89 billion. In the same quarter of the previous year, the company posted earnings per share ($ 10.81). The company’s revenue for the quarter increased 242.9% from the same quarter last year. On average, analysts expect Booking to show $ 42 EPS for the current fiscal year and $ 95 EPS for the next fiscal year.
Actions of BKNG actions open at $ 2,443.03 Wednesday. The stock has a 50-day simple moving average of $ 2,332.29 and a 200-day simple moving average of $ 2,303.48. The reservation has a fifty-two week minimum of $ 1,589.00 and a fifty-two week maximum of $ 2,540.00. The stock has a market cap of $ 100.31 billion, a P / E ratio of 243.09, a P / E / G ratio of 3.31 and a beta of 1.26. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt ratio of 2.25.
Several brokerage firms have weighed in on BKNG recently. Credit Suisse Group raised its price target on Booking from $ 2,675.00 to $ 3,100.00 and gave the company an “outperformance” rating in a research note on Thursday August 5th. The Goldman Sachs group began covering Booking in a research note on Monday, September 13. They set a “neutral” rating and a target price of $ 2,230.00 for the company. Stifel Nicolaus increased his target price on Booking from $ 2,400.00 to $ 2,450.00 and gave the company a “conservation” rating in a research note on Thursday August 5th. Piper Sandler raised her target price on Booking from $ 2,345.00 to $ 2,375.00 and gave the company a “neutral” rating in a research note on Thursday, August 5th. Finally, Cowen increased its price target on Booking from $ 2,700.00 to $ 2,950.00 and gave the company an “outperformance” rating in a research report on Tuesday, October 12. An investment analyst rated the stock with a sell rating, thirteen issued a custody rating, and twelve assigned a buy rating to the company’s stock. According to MarketBeat data, the company has a consensus rating of “Hold” and a consensus price target of $ 2,486.96.
In addition, CFO David I. Goulden sold 183 Booking shares in a transaction that took place on Friday, October 15. The stock was sold at an average price of $ 2,520.00, for a total trade of $ 461,160.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Glenn D. Fogel sold 750 Booking shares in a transaction that took place on Friday, October 15. The stock was sold for an average price of $ 2,530.33, for a total value of $ 1,897,747.50. Disclosure of this sale can be found here. Company insiders own 0.27% of the company’s shares.
About the reservation
Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of online travel and restaurant booking and related services. The Company, through its online travel agencies (OTC), connects consumers wishing to make travel reservations with travel service providers around the world. It offers consumers a range of accommodation bookings (including hotels, B & Bs, inns, apartments, vacation rentals and other properties) through its brands Booking.com, priceline.com and agoda.com.
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