Priceline Group Inc (PCLN) Releases Earnings Results, Beats Expectations By $1.27 EPS

Priceline Group Inc (PCLN) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $13.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.27. Analysts had a consensus of $12.66. The company posted revenue of $2556.00 million in the period, compared to analysts expectations of $2592.37 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.45 EPS.

Many Wall Street Analysts have commented on Priceline Group Inc. Morgan Stanley Upgraded Priceline Group Inc on Jun 30, 2016 to ” Overweight”, Price Target of the shares are set at $1525.Company shares were Upgraded by Barclays on Jun 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 1500 from a previous price target of $1300 .

Priceline Group Inc closed down -10.7 points or -0.79% at $1345.38 with 5,97,354 shares getting traded on Tusday. Post opening the session at $1353.31, the shares hit an intraday low of $1325.7156 and an intraday high of $1363 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Aug 2, 2016, Jeffery H Boyd (Interim CEO & President) sold 3,000 shares at $1,354.01 per share price. According to the SEC, on Jul 19, 2016, Gillian Tans (President & CEO, sold 131 shares at $1,327.89 per share price. On Mar 18, 2016, Daniel J Finnegan (Chief Financial Officer) sold 5,871 shares at $1,341.93 per share price, according to the Form-4 filing with the securities and exchange commission.

The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world. The Company’s brands include KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.

Priceline Group Inc

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