Priceline Group interim-CEO Jeffery Boyd said during the company's third quarter earnings call Monday that OpenTable notched earnings growth in the quarter based on cost discipline and growth in the number of diners serviced.
Many Wall Street Analysts have commented on Priceline Group Inc.
"This change in strategy resulted in OpenTable's updating its forecasted financial results to reflect a material reduction in forecasted long-term financial results from these initiatives", according to the Priceline Group's earnings announcement.
Altria Group's reported EPS was $0.82, leading to a negative percentage EPS surprise of 1.23%.
Here's a look at Priceline's earnings for the third quarter, and where shares are headed as a result. The stock finished with a gain of 56.05 at $1480.33. The company's 50-day moving average price is $1,462.94 and its 200 day moving average price is $1,370.78. Piper Jaffray Cos. reissued an "overweight" rating and issued a $1,625.00 price target (up from $1,500.00) on shares of The Priceline Group in a report on Monday, August 1st. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $29.40 per share.
As per Zacks survey of market experts, the average EPS estimate for Altria Group (NYSE:MO) stands at $0.87 for the current quarter. While at this 1 and 5 reflects a Strong Buy and a Strong Sell respectively. During the same quarter in the previous year, the company posted $25.35 EPS. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $1,431.98, for a total value of $186,157.40. The disclosure for this sale can be found here. OMERS ADMINISTRATION Corp now owns 30,800 shares of the company's stock valued at $38,451,000 after buying an additional 28,100 shares during the period. Finally, Cleararc Capital Inc. raised its position in The Priceline Group by 0.7% in the second quarter.
The Priceline Group Inc (NASDAQ:PCLN) and parent company of six major brands including Booking.com, priceline.com, KAYAK, agoda.com, Rentalcars.com and OpenTable announced that priceline.com's current interim Chief Executive Officer, Brett Keller, has been named Chief Executive Officer of priceline.com, effective immediately. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world.