Booking (BKNG) Scheduled to Post Earnings on Wednesday

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

Booking (NASDAQ:BKNG) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $41.90 EPS for the quarter, beating the consensus estimate of $39.22 by $2.68. Booking had a negative return on equity of 200.87% and a net margin of 22.46%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the company posted $37.62 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. 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 %

Shares of BKNG stock opened at $4,377.78 on Wednesday. Booking has a 12 month low of $2,733.04 and a 12 month high of $4,395.00. The business’s 50 day moving average is $4,015.02 and its two-hundred day moving average is $3,835.37. The company has a market cap of $146.74 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.40.

Booking Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.80%. Booking’s payout ratio is 24.50%.

Insider Buying and Selling at Booking

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKNG. Royal Bank of Canada restated an “outperform” rating and issued a $3,900.00 price objective on shares of Booking in a research note on Monday, August 5th. Wedbush raised their price objective on shares of Booking from $3,850.00 to $4,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. DA Davidson lowered their price objective on shares of Booking from $4,150.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Oppenheimer lowered their price objective on shares of Booking from $4,600.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Evercore ISI lowered their price objective on shares of Booking from $4,500.00 to $4,200.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Booking presently has a consensus rating of “Moderate Buy” and an average price target of $4,133.75.

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.