Booking (BKNG) Issues Q2 Earnings Guidance

Booking (NASDAQ:BKNG) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $22.15-22.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $22.43.

Shares of Booking stock opened at $1,656.22 on Friday. Booking has a one year low of $1,606.27 and a one year high of $2,162.91. The firm has a market capitalization of $72.43 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.37 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.34.

Booking (NASDAQ:BKNG) last announced its earnings results on Thursday, May 9th. The business services provider reported $11.17 EPS for the quarter, missing the Zacks’ consensus estimate of $11.26 by ($0.09). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.93 billion. Booking had a return on equity of 48.32% and a net margin of 28.79%. Booking’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $12.34 earnings per share. As a group, analysts forecast that Booking will post 100.86 earnings per share for the current year.

A number of equities research analysts have commented on BKNG shares. Piper Jaffray Companies cut Booking from an overweight rating to a neutral rating and decreased their price target for the company from $2,100.00 to $1,800.00 in a report on Thursday, February 28th. Deutsche Bank raised Booking from a hold rating to a buy rating and raised their price target for the company from $2,150.00 to $2,370.00 in a report on Tuesday, February 5th. Mizuho cut their price objective on Booking from $2,130.00 to $2,050.00 and set a buy rating for the company in a research report on Friday, May 10th. Morgan Stanley cut their price objective on Booking from $2,050.00 to $1,900.00 and set an equal weight rating for the company in a research report on Wednesday, March 6th. Finally, Oppenheimer lowered Booking from an outperform rating to a market perform rating in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $2,072.70.

In related news, CEO Gillian Tans sold 321 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,834.00, for a total value of $588,714.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey E. Epstein sold 250 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $1,715.00, for a total transaction of $428,750.00. The disclosure for this sale can be found here. Insiders have sold 1,498 shares of company stock valued at $2,657,620 in the last ninety days. Insiders own 0.24% of the company’s stock.

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About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History and Estimates for Booking (NASDAQ:BKNG)

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