Booking (BKNG) Scheduled to Post Earnings on Wednesday

Booking (NASDAQ:BKNG) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Booking to post earnings of $77.68 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Booking (NASDAQ:BKNG) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $41.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $39.22 by $2.68. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.77 billion. Booking had a net margin of 22.46% and a negative return on equity of 200.87%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $37.62 earnings per share. On average, analysts expect Booking to post $177 EPS for the current fiscal year and $202 EPS for the next fiscal year.

Booking Stock Up 0.3 %

BKNG opened at $4,377.78 on Wednesday. The firm has a market capitalization of $146.74 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.33 and a beta of 1.40. The firm’s 50 day moving average is $4,015.02 and its 200-day moving average is $3,835.37. Booking has a 52-week low of $2,733.04 and a 52-week high of $4,395.00.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a $8.75 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $35.00 dividend on an annualized basis and a dividend yield of 0.80%. Booking’s dividend payout ratio (DPR) is presently 24.50%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKNG. DA Davidson dropped their price target on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Bank of America dropped their target price on shares of Booking from $3,950.00 to $3,750.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. StockNews.com raised shares of Booking from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Oppenheimer dropped their target price on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Booking from $4,275.00 to $4,105.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Booking has a consensus rating of “Moderate Buy” and an average target price of $4,133.75.

Insider Buying and Selling at Booking

In other Booking news, insider Paulo Pisano sold 100 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $3,887.61, for a total transaction of $388,761.00. Following the completion of the sale, the insider now directly owns 3,787 shares of the company’s stock, valued at approximately $14,722,379.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

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.