Booking Holdings Inc. (BKNG) Expected to Post Quarterly Sales of $2.87 Billion

Equities research analysts expect that Booking Holdings Inc. (NASDAQ:BKNG) will announce $2.87 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Booking’s earnings, with the highest sales estimate coming in at $2.98 billion and the lowest estimate coming in at $2.82 billion. Booking posted sales of $2.42 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.6%. The company is scheduled to issue its next earnings results on Tuesday, May 8th.

On average, analysts expect that Booking will report full-year sales of $14.82 billion for the current year, with estimates ranging from $14.42 billion to $15.43 billion. For the next year, analysts anticipate that the business will post sales of $16.86 billion per share, with estimates ranging from $15.94 billion to $17.54 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Booking.

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Booking (NASDAQ:BKNG) last issued its quarterly earnings results on Tuesday, February 27th. The business services provider reported $16.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.12 by $2.74. Booking had a net margin of 18.46% and a return on equity of 21.12%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.70 billion.

A number of research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Booking from $2,000.00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Barclays restated an “overweight” rating and set a $2,260.00 target price on shares of Booking in a research report on Friday, March 16th. Mizuho assumed coverage on shares of Booking in a research report on Thursday, March 22nd. They set a “buy” rating and a $2,600.00 target price on the stock. Argus upgraded shares of Booking from a “hold” rating to a “buy” rating and set a $2,520.00 target price on the stock in a research report on Thursday, March 8th. Finally, SunTrust Banks upped their target price on shares of Booking from $2,350.00 to $2,380.00 and gave the stock a “buy” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Booking currently has a consensus rating of “Buy” and a consensus target price of $2,093.86.

Shares of Booking stock traded up $0.05 on Tuesday, reaching $2,085.86. 261,993 shares of the stock were exchanged, compared to its average volume of 354,329. Booking has a 1-year low of $1,630.56 and a 1-year high of $2,228.99. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.89. The firm has a market cap of $100,720.84, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.26.

In related news, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,850.86, for a total transaction of $227,655.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey E. Epstein sold 250 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $2,020.00, for a total transaction of $505,000.00. The disclosure for this sale can be found here. Insiders sold 4,419 shares of company stock worth $9,550,806 in the last ninety days. Insiders own 0.24% of the company’s stock.

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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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