Trip.com Group (TCOM) Scheduled to Post Earnings on Monday

Trip.com Group (NASDAQ:TCOM) is scheduled to release its earnings data before the market opens on Monday, November 20th. Analysts expect Trip.com Group to post earnings of $0.61 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, September 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.20. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. Trip.com Group had a return on equity of 5.01% and a net margin of 19.94%. On average, analysts expect Trip.com Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trip.com Group Stock Up 0.3 %

TCOM opened at $35.45 on Friday. The company has a market cap of $22.90 billion, a P/E ratio of 25.88 and a beta of 0.61. The business’s 50-day moving average price is $34.52 and its 200-day moving average price is $35.64. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. Trip.com Group has a 12 month low of $25.19 and a 12 month high of $43.59.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TheStreet downgraded Trip.com Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Barclays boosted their price target on Trip.com Group from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Wednesday, September 6th. Mizuho boosted their price target on Trip.com Group from $50.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. JPMorgan Chase & Co. upgraded Trip.com Group from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $50.00 in a report on Monday, July 31st. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.85.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. First Horizon Advisors Inc. bought a new position in Trip.com Group in the 1st quarter valued at approximately $27,000. Captrust Financial Advisors purchased a new stake in Trip.com Group during the 2nd quarter valued at $38,000. Atlas Capital Advisors LLC purchased a new stake in Trip.com Group during the 1st quarter valued at $55,000. Advisors Asset Management Inc. raised its stake in Trip.com Group by 81.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company’s stock valued at $59,000 after buying an additional 752 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Trip.com Group by 33.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,752 shares of the company’s stock valued at $95,000 after buying an additional 694 shares during the last quarter. 38.24% of the stock is owned by institutional investors.

Trip.com Group Company Profile

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. 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.