Trip.com Group (NASDAQ:TCOM) Announces Earnings Results

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings data on Monday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01), Zacks reports. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%.

Trip.com Group Stock Down 3.5 %

Trip.com Group stock traded down $2.36 during trading on Monday, hitting $64.66. 6,050,031 shares of the company were exchanged, compared to its average volume of 2,883,235. The company has a market capitalization of $41.65 billion, a P/E ratio of 19.36, a PEG ratio of 0.67 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $68.78 and its 200 day moving average is $61.39. Trip.com Group has a 52 week low of $38.23 and a 52 week high of $77.18.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TCOM. Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday, January 14th. Macquarie lifted their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average price target of $77.31.

Trip.com Group Company Profile

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.