Booking (NASDAQ:BKNG) Issues Q4 Earnings Guidance

Booking (NASDAQ:BKNG) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $21.50-22.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $23.46.

Several research firms have recently weighed in on BKNG. Deutsche Bank increased their price target on Booking from $2,250.00 to $2,350.00 and gave the company a buy rating in a report on Friday. Cowen reissued a top pick rating and set a $2,400.00 price target (up from $2,300.00) on shares of Booking in a report on Friday. Zacks Investment Research cut Booking from a buy rating to a hold rating and set a $2,153.00 price target on the stock. in a report on Thursday, September 12th. Stifel Nicolaus restated a hold rating and issued a $2,050.00 price objective on shares of Booking in a research note on Friday. Finally, Morgan Stanley upped their price objective on Booking from $2,050.00 to $2,100.00 and gave the stock an equal weight rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Booking currently has an average rating of Hold and an average price target of $2,119.15.

BKNG stock traded up $29.26 during trading on Friday, reaching $1,879.19. The company’s stock had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. Booking has a 1 year low of $1,606.27 and a 1 year high of $2,081.81. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $86.10 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. The company’s fifty day moving average is $1,998.42 and its 200-day moving average is $1,899.20.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $45.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $44.87 by $0.49. Booking had a return on equity of 56.70% and a net margin of 28.19%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the business posted $37.78 EPS. Booking’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts anticipate that Booking will post 101.98 earnings per share for the current year.

Booking Company Profile

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.

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Earnings History and Estimates for Booking (NASDAQ:BKNG)

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