Cantor Fitzgerald Predicts Weaker Earnings for Booking

Key Points

• Cantor Fitzgerald has lowered its FY2025 earnings per share estimate for Booking Holdings from $181.84 to $180.08, indicating weaker earnings expectations.
• The consensus estimate for Booking's current full-year earnings is $209.92 per share, significantly higher than Cantor Fitzgerald's revised estimate.
• Despite the earnings cut, analysts maintain a generally positive outlook on Booking, with the stock receiving multiple "buy" ratings and a price target ranging between $5,590 and $6,700.

Booking Holdings Inc. (NASDAQ:BKNG - Free Report) - Equities research analysts at Cantor Fitzgerald reduced their FY2025 earnings per share (EPS) estimates for shares of Booking in a report issued on Wednesday, October 22nd. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the business services provider will post earnings of $180.08 per share for the year, down from their previous estimate of $181.84. Cantor Fitzgerald has a "Neutral" rating and a $5,590.00 price target on the stock. The consensus estimate for Booking's current full-year earnings is $209.92 per share. Cantor Fitzgerald also issued estimates for Booking's FY2026 earnings at $259.95 EPS.

Several other equities analysts also recently issued reports on the stock. B. Riley reissued a "buy" rating and set a $6,700.00 price target (up from $6,100.00) on shares of Booking in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on Booking from $5,900.00 to $6,100.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Booking in a report on Tuesday, October 14th. Benchmark restated a "buy" rating and issued a $6,200.00 price objective (up previously from $6,000.00) on shares of Booking in a research report on Wednesday, July 30th. Finally, Morgan Stanley set a $5,650.00 target price on Booking and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Booking presently has an average rating of "Moderate Buy" and a consensus price target of $5,994.00.

Booking Trading Down 1.0%

BKNG opened at $5,230.59 on Thursday. The business has a 50 day moving average of $5,446.77 and a 200-day moving average of $5,347.81. Booking has a 1-year low of $4,096.23 and a 1-year high of $5,839.41. The stock has a market capitalization of $169.52 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 1.64 and a beta of 1.35.

Booking (NASDAQ:BKNG - Get Free Report) last released its earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, topping analysts' consensus estimates of $50.32 by $5.08. Booking had a net margin of 19.23% and a negative return on equity of 134.19%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the previous year, the business earned $41.90 EPS. The business's revenue was up 16.0% on a year-over-year basis. Booking has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Atwood & Palmer Inc. bought a new position in shares of Booking during the 2nd quarter worth approximately $29,000. Westside Investment Management Inc. boosted its stake in shares of Booking by 400.0% during the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider's stock worth $29,000 after buying an additional 4 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Booking by 150.0% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 5 shares of the business services provider's stock worth $27,000 after buying an additional 3 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Booking during the 1st quarter worth about $28,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Booking in the 2nd quarter valued at approximately $35,000. 92.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Larry Quinlan sold 64 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $5,511.80, for a total transaction of $352,755.20. Following the completion of the sale, the director owned 131 shares of the company's stock, valued at $722,045.80. This represents a 32.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vanessa Ames Wittman sold 15 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5,291.98, for a total value of $79,379.70. Following the transaction, the director owned 732 shares of the company's stock, valued at approximately $3,873,729.36. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,197 shares of company stock worth $17,260,963 over the last ninety days. 0.16% of the stock is currently owned by corporate insiders.

Booking Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $9.60 dividend. This represents a $38.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 5th. Booking's dividend payout ratio is 26.71%.

Booking Company Profile

Booking Holdings Inc, formerly 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.

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