Equities Analysts Offer Predictions for The Priceline Group Inc.’s FY2017 Earnings (PCLN)

The Priceline Group Inc. (NASDAQ:PCLN) – Stock analysts at KeyCorp issued their FY2017 earnings per share estimates for shares of The Priceline Group in a research note issued to investors on Tuesday. KeyCorp analyst B. Erickson forecasts that the business services provider will post earnings per share of $72.09 for the year. KeyCorp also issued estimates for The Priceline Group’s Q4 2017 earnings at $14.53 EPS, Q4 2018 earnings at $16.17 EPS and FY2018 earnings at $82.33 EPS.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business earned $13.93 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://theolympiareport.com/2017/08/13/equities-analysts-offer-predictions-for-the-priceline-group-inc-s-fy2017-earnings-pcln.html.

PCLN has been the subject of a number of other research reports. Credit Suisse Group reiterated an “outperform” rating and issued a $2,070.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. MKM Partners reiterated a “buy” rating and issued a $2,050.00 price target (up previously from $2,030.00) on shares of The Priceline Group in a report on Wednesday, May 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a report on Thursday. Finally, Deutsche Bank AG increased their price target on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the company a “hold” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,909.30.

Shares of The Priceline Group (NASDAQ PCLN) opened at 1854.17 on Friday. The firm has a market cap of $90.96 billion, a price-to-earnings ratio of 39.38 and a beta of 1.42. The stock has a 50 day moving average of $1,950.91 and a 200 day moving average of $1,809.82. The Priceline Group has a 12 month low of $1,392.44 and a 12 month high of $2,067.99.

Institutional investors have recently made changes to their positions in the stock. BKD Wealth Advisors LLC increased its position in shares of The Priceline Group by 1.3% in the first quarter. BKD Wealth Advisors LLC now owns 151 shares of the business services provider’s stock valued at $269,000 after buying an additional 2 shares during the period. Well Done LLC increased its position in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after buying an additional 2 shares during the period. Wrapmanager Inc. increased its position in shares of The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock valued at $477,000 after buying an additional 3 shares during the period. Pinnacle Associates Ltd. increased its position in shares of The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after buying an additional 3 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after buying an additional 4 shares during the period. 95.01% of the stock is owned by institutional investors.

In other news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the transaction, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now directly owns 346 shares of the company’s stock, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,744 shares of company stock valued at $3,245,648. 0.42% of the stock is currently owned by corporate insiders.

The Priceline Group Company Profile

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.

Earnings History and Estimates for The Priceline Group (NASDAQ:PCLN)

Receive News & Ratings for The Priceline Group Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The Priceline Group Inc. and related companies with Analyst Ratings Network’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

five × three =