Travelzoo (NASDAQ:TZOO) Releases Earnings Results, Beats Expectations By $0.06 EPS

Travelzoo (NASDAQ:TZOO) posted its earnings results on Wednesday. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06, Yahoo Finance reports. Travelzoo had a return on equity of 170.06% and a net margin of 15.59%. The business had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. During the same quarter last year, the firm earned $0.16 earnings per share.

Travelzoo Stock Up 4.1 %

NASDAQ:TZOO traded up $0.62 during trading hours on Friday, reaching $15.65. 126,276 shares of the stock were exchanged, compared to its average volume of 105,976. The firm has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $10.03. Travelzoo has a 52 week low of $6.57 and a 52 week high of $15.71. The stock has a market capitalization of $192.34 million, a P/E ratio of 15.94 and a beta of 1.74.

Insiders Place Their Bets

In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total transaction of $220,800.00. Following the transaction, the insider now owns 4,960,196 shares of the company’s stock, valued at $73,014,085.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $14.72, for a total value of $220,800.00. Following the sale, the insider now owns 4,960,196 shares of the company’s stock, valued at approximately $73,014,085.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christina Sindoni Ciocca sold 12,288 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $14.35, for a total value of $176,332.80. Following the completion of the sale, the general counsel now directly owns 44,623 shares in the company, valued at approximately $640,340.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 379,254 shares of company stock valued at $4,459,596 in the last quarter. Insiders own 57.45% of the company’s stock.

Travelzoo declared that its board has approved a share repurchase program on Wednesday, October 23rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Litchfield Hills Research assumed coverage on Travelzoo in a research note on Wednesday, September 4th. They issued a “buy” rating and a $35.00 target price for the company. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday. Ascendiant Capital Markets raised their price objective on Travelzoo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, StockNews.com lowered Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

About Travelzoo

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.