Noble Financial Predicts Increased Earnings for Travelzoo

Travelzoo (NASDAQ:TZOO) – Noble Financial boosted their FY2024 earnings per share (EPS) estimates for Travelzoo in a research report issued to clients and investors on Thursday, October 24th. Noble Financial analyst M. Kupinski now expects that the information services provider will post earnings per share of $1.07 for the year, up from their previous forecast of $0.89. The consensus estimate for Travelzoo’s current full-year earnings is $0.97 per share.

Travelzoo (NASDAQ:TZOO) last issued its quarterly earnings data on Wednesday, October 23rd. The information services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. The business had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $21.15 million. During the same quarter last year, the company earned $0.16 EPS.

Several other equities research analysts have also issued reports on TZOO. Barrington Research increased their target price on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com downgraded Travelzoo from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 23rd. Litchfield Hills Research assumed coverage on Travelzoo in a research report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Ascendiant Capital Markets upped their target price on Travelzoo from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, August 19th.

Travelzoo Stock Performance

TZOO stock opened at $15.41 on Monday. Travelzoo has a one year low of $6.57 and a one year high of $15.71. The firm’s fifty day moving average is $12.75 and its 200 day moving average is $10.08. The firm has a market cap of $201.84 million, a PE ratio of 16.93 and a beta of 1.74.

Travelzoo declared that its board has approved a share repurchase program on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 30,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $15.39, for a total value of $461,700.00. Following the transaction, the insider now owns 4,717,696 shares in the company, valued at approximately $72,605,341.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $15.39, for a total value of $461,700.00. Following the transaction, the insider now directly owns 4,717,696 shares of the company’s stock, valued at $72,605,341.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the transaction, the general counsel now owns 44,623 shares in the company, valued at approximately $640,340.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 419,254 shares of company stock worth $5,071,496 in the last 90 days. Insiders own 57.45% of the company’s stock.

Institutional Investors Weigh In On Travelzoo

A number of hedge funds have recently modified their holdings of TZOO. American Century Companies Inc. purchased a new stake in Travelzoo in the 2nd quarter valued at about $82,000. Ritholtz Wealth Management acquired a new position in shares of Travelzoo in the 2nd quarter worth approximately $82,000. Fermata Advisors LLC purchased a new position in shares of Travelzoo during the 2nd quarter worth approximately $101,000. O Shaughnessy Asset Management LLC acquired a new stake in Travelzoo in the 1st quarter valued at approximately $132,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Travelzoo in the 1st quarter valued at approximately $277,000. Hedge funds and other institutional investors own 27.39% of the company’s stock.

Travelzoo Company Profile

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.