Booking (BKNG) Set to Announce Quarterly Earnings on Thursday

Booking (NASDAQ:BKNG) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $14.00 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $32.00 EPS for the quarter, topping analysts’ consensus estimates of $29.72 by $2.28. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Booking had a negative return on equity of 751.49% and a net margin of 20.08%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $24.74 EPS. On average, analysts expect Booking to post $176 EPS for the current fiscal year and $210 EPS for the next fiscal year.

Booking Stock Down 1.8 %

Shares of BKNG stock opened at $3,452.03 on Wednesday. The stock has a market cap of $117.44 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The business has a 50-day simple moving average of $3,538.09 and a 200-day simple moving average of $3,394.91. Booking has a 52-week low of $2,456.93 and a 52-week high of $3,918.00.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a $8.75 dividend. The ex-dividend date was Thursday, March 7th. This represents a $35.00 annualized dividend and a dividend yield of 1.01%. Booking’s dividend payout ratio is presently 29.67%.

Wall Street Analyst Weigh In

Several research firms have commented on BKNG. Barclays cut their price objective on Booking from $3,900.00 to $3,800.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. Seaport Res Ptn restated a “buy” rating on shares of Booking in a report on Tuesday, February 20th. Mizuho boosted their target price on Booking from $3,580.00 to $4,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. BMO Capital Markets initiated coverage on Booking in a report on Tuesday, January 9th. They issued an “outperform” rating and a $4,150.00 price objective on the stock. Finally, Susquehanna upped their price objective on Booking from $3,600.00 to $4,100.00 and gave the company a “positive” rating in a report on Monday, February 26th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3,723.41.

Insiders Place Their Bets

In other news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total value of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Glenn D. Fogel sold 4,302 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $3,422.75, for a total transaction of $14,724,670.50. Following the completion of the sale, the chief executive officer now owns 33,548 shares of the company’s stock, valued at approximately $114,826,417. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 59 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $3,700.00, for a total transaction of $218,300.00. Following the sale, the director now directly owns 289 shares of the company’s stock, valued at approximately $1,069,300. The disclosure for this sale can be found here. Insiders have sold 5,461 shares of company stock worth $18,815,825 in the last quarter. 0.15% of the stock is owned by corporate insiders.

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.