Booking (NASDAQ:BKNG) issued its quarterly earnings data on Thursday. The business services provider reported $45.36 earnings per share for the quarter, beating analysts’ consensus estimates of $44.87 by $0.49, Fidelity Earnings reports. Booking had a return on equity of 56.70% and a net margin of 28.19%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same quarter last year, the firm earned $37.78 EPS. Booking’s quarterly revenue was up 3.9% on a year-over-year basis. Booking updated its Q4 guidance to $21.50-22.00 EPS.
Shares of BKNG traded up $29.26 during mid-day trading on Friday, hitting $1,879.19. The stock had a trading volume of 1,033,700 shares, compared to its average volume of 401,935. The company’s fifty day simple moving average is $1,998.42 and its two-hundred day simple moving average is $1,899.20. 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 cap of $86.10 billion, a PE ratio of 20.30, a PEG ratio of 1.52 and a beta of 1.12. Booking has a fifty-two week low of $1,606.27 and a fifty-two week high of $2,081.81.
A number of brokerages have weighed in on BKNG. Mizuho restated a “buy” rating and set a $2,150.00 price objective (up previously from $2,050.00) on shares of Booking in a research note on Thursday, August 8th. Zacks Investment Research lowered Booking from a “buy” rating to a “hold” rating and set a $2,153.00 price objective for the company. in a research note on Thursday, September 12th. Evercore ISI restated a “neutral” rating on shares of Booking in a research note on Sunday, August 11th. Morgan Stanley raised their price objective on Booking from $2,050.00 to $2,100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 8th. Finally, Deutsche Bank raised their price objective on Booking from $2,250.00 to $2,350.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2,114.40.
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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