Trip.com Group (TCOM) Set to Announce Quarterly Earnings on Monday

Trip.com Group (NASDAQ:TCOM) is scheduled to be announcing its earnings results after the market closes on Monday, November 18th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. On average, analysts expect Trip.com Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Trip.com Group Stock Performance

TCOM stock opened at $65.48 on Monday. The stock’s 50 day simple moving average is $57.83 and its 200 day simple moving average is $51.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $69.67. The stock has a market capitalization of $42.17 billion, a PE ratio of 22.90 and a beta of 0.39.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TCOM. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. TD Cowen lowered their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Finally, Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.89.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.