Booking (BKNG) Releases Q1 2019 Earnings Guidance

Booking (NASDAQ:BKNG) issued an update on its first quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $10.90-11.20 for the period, compared to the Thomson Reuters consensus estimate of $12.78. The company issued revenue guidance of $2.899-2.957 billion, compared to the consensus revenue estimate of $3.17 billion.Booking also updated its Q1 guidance to $10.90-11.20 EPS.

Shares of BKNG stock opened at $1,697.04 on Friday. Booking has a 1 year low of $1,606.27 and a 1 year high of $2,228.99. The firm has a market cap of $88.51 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.41 and a current ratio of 2.41.

Booking (NASDAQ:BKNG) last announced its earnings results on Wednesday, February 27th. The business services provider reported $22.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $19.39 by $3.10. Booking had a net margin of 19.81% and a return on equity of 26.87%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the firm posted $16.86 earnings per share. Booking’s revenue was up 14.6% compared to the same quarter last year. Analysts predict that Booking will post 89.59 EPS for the current year.

A number of equities analysts recently issued reports on BKNG shares. Royal Bank of Canada boosted their target price on shares of Booking to $2,425.00 and gave the stock an outperform rating in a research report on Tuesday, November 6th. Barclays reissued an overweight rating and issued a $2,360.00 price target (up previously from $2,300.00) on shares of Booking in a report on Tuesday, November 6th. Bank of America boosted their price target on shares of Booking from $2,150.00 to $2,300.00 and gave the company a buy rating in a report on Tuesday, November 6th. Credit Suisse Group reissued an outperform rating and issued a $2,240.00 price target (up previously from $2,100.00) on shares of Booking in a report on Tuesday, November 6th. Finally, Raymond James reissued an outperform rating and issued a $2,160.00 price target (up previously from $1,970.00) on shares of Booking in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $2,195.52.

In other news, CEO Gillian Tans sold 294 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $1,695.00, for a total value of $498,330.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

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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.

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Earnings History and Estimates for Booking (NASDAQ:BKNG)



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