What is DA Davidson's Forecast for Booking FY2025 Earnings?

Key Points

• DA Davidson has raised its FY2025 earnings per share (EPS) estimate for Booking Holdings Inc. to $224.77, up from $211.93, while also setting a price target of $6,500.00 on the stock.
• Booking recently reported quarterly earnings of $55.40 per share, surpassing analysts' expectations by $5.08, with revenues for the quarter totaling $6.80 billion, up 16% from the previous year.
• The company's dividend announcement stated a quarterly payment of $9.60, representing a 0.7% yield and a payout ratio of 26.71%.

Booking Holdings Inc. (NASDAQ:BKNG - Free Report) - Stock analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for Booking in a research note issued on Thursday, July 31st. DA Davidson analyst T. White now expects that the business services provider will earn $224.77 per share for the year, up from their prior forecast of $211.93. DA Davidson has a "Buy" rating and a $6,500.00 price objective on the stock. The consensus estimate for Booking's current full-year earnings is $209.92 per share. DA Davidson also issued estimates for Booking's FY2026 earnings at $265.11 EPS.

A number of other analysts have also recently weighed in on BKNG. Barclays upped their price target on Booking from $5,700.00 to $6,000.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on Booking from $5,411.00 to $5,418.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on Booking from $5,900.00 to $6,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Wedbush reissued a "neutral" rating and issued a $5,900.00 price objective on shares of Booking in a research note on Wednesday, July 30th. Finally, JMP Securities boosted their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5,781.04.

Booking Price Performance

Shares of NASDAQ:BKNG opened at $5,386.29 on Monday. The business's fifty day moving average price is $5,568.80 and its two-hundred day moving average price is $5,077.69. Booking has a fifty-two week low of $3,180.00 and a fifty-two week high of $5,839.41. The stock has a market capitalization of $174.57 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 1.55 and a beta of 1.41.

Booking (NASDAQ:BKNG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share for the quarter, beating analysts' consensus estimates of $50.32 by $5.08. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. The firm had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.54 billion. During the same period in the prior year, the business posted $41.90 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year.

Booking Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $9.60 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $38.40 annualized dividend and a yield of 0.7%. Booking's dividend payout ratio is presently 26.71%.

Insiders Place Their Bets

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total value of $5,769,035.00. Following the transaction, the chief executive officer owned 26,633 shares of the company's stock, valued at approximately $151,674,935. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,039 shares of company stock valued at $16,963,769 over the last quarter. Corporate insiders own 0.16% of the company's stock.

Hedge Funds Weigh In On Booking

Several hedge funds have recently added to or reduced their stakes in the stock. Motco lifted its stake in Booking by 0.6% in the second quarter. Motco now owns 2,319 shares of the business services provider's stock valued at $12,764,000 after buying an additional 14 shares during the period. Howard Capital Management Inc. lifted its stake in Booking by 6.9% in the second quarter. Howard Capital Management Inc. now owns 942 shares of the business services provider's stock valued at $5,454,000 after buying an additional 61 shares during the period. Motley Fool Asset Management LLC lifted its stake in Booking by 8.5% in the second quarter. Motley Fool Asset Management LLC now owns 1,657 shares of the business services provider's stock valued at $9,593,000 after buying an additional 130 shares during the period. May Hill Capital LLC lifted its stake in Booking by 10.8% in the second quarter. May Hill Capital LLC now owns 113 shares of the business services provider's stock valued at $654,000 after buying an additional 11 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Booking by 20.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 5,195 shares of the business services provider's stock valued at $30,075,000 after buying an additional 888 shares during the period. Institutional investors and hedge funds own 92.42% of the company's stock.

About Booking

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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