Travelzoo (NASDAQ:TZOO – Get Free Report) announced its quarterly earnings results on Wednesday. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06, Yahoo Finance reports. The firm had revenue of $20.10 million for the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a net margin of 15.59% and a return on equity of 170.06%. During the same quarter in the previous year, the firm posted $0.16 EPS.
Travelzoo Trading Up 4.4 %
NASDAQ TZOO traded up $0.66 on Friday, hitting $15.69. 106,564 shares of the company were exchanged, compared to its average volume of 105,903. The firm has a 50 day moving average of $12.67 and a two-hundred day moving average of $10.03. The company has a market cap of $192.83 million, a P/E ratio of 15.94 and a beta of 1.74. Travelzoo has a 1-year low of $6.57 and a 1-year high of $15.71.
Travelzoo declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 23rd that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at Travelzoo
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TZOO. Ascendiant Capital Markets boosted their price target on shares of Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, August 19th. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barrington Research upped their target price on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Litchfield Hills Research assumed coverage on shares of Travelzoo in a report on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price on the stock.
Get Our Latest Report on Travelzoo
Travelzoo Company Profile
Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.
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