Priceline (PCLN) Spikes On Strong Earnings

The Priceline Group Inc. (PCLN) reported fourth quarter non-GAAP EPS of $10.85 before the opening bell Thursday, compared to the consensus estimate of $10.10. Revenues increased 19.4 percent from last year to $1.84 billion. Analysts expected revenues of $1.80 billion. The stock is now up 8% to $1,208.84 on 830K shares.

For Q1’15, the travel booking site provided EPS guidance of $7.20-$7.75 versus consensus of $8.55 per share. The company also announced that it has authorization from the board for up to $3 billion in additional share repurchases.

On valuation measures, Priceline Group Inc. shares, which currently have an average 3-month trading volume of 755,193 shares, trade at a trailing-12 P/E of 27.34, a forward P/E of 18.97 and a P/E to growth ratio of 1.12. The median Wall Street price target on the name is $1,312.50 with a high target of $1,822.00. Currently ticker boasts 22 ‘Buy’ endorsements, compared to 4 ’Holds’ and no ‘Sell’.

Profitability-wise, PCLN has a t-12 profit and operating margin of 28.83 and 36.79, respectively. The $63.36B market cap company reported $6.24B in cash vs. $3.93B in debt in its most recent quarter.

PCLN currently prints a one year loss of about 13.70%, and a year-to-date loss of around 1.50%.

The chart below shows where the equity has traded over the last 52 weeks.

Priceline Group Inc. operates as an online travel company. The firm was founded in 1997 and is headquartered in Norwalk, Connecticut.

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