Trip.com Group (NASDAQ:TCOM) Issues Earnings Results, Misses Expectations By $0.01 EPS

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings results on Monday. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01), Zacks reports. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%.

Trip.com Group Price Performance

Shares of TCOM opened at $64.66 on Tuesday. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50-day moving average of $68.62 and a 200-day moving average of $61.55. The company has a market capitalization of $41.65 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Barclays increased their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average price target of $77.31.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.