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

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

Travelzoo Trading Up 2.5 %

NASDAQ TZOO traded up $0.38 during mid-day trading on Friday, reaching $15.41. 192,549 shares of the company's stock traded hands, compared to its average volume of 106,318. The company has a fifty day simple moving average of $12.67 and a 200-day simple moving average of $10.03. Travelzoo has a 1-year low of $6.57 and a 1-year high of $15.71. The company has a market cap of $189.39 million, a price-to-earnings ratio of 15.89 and a beta of 1.74.

Insider Activity

In related news, major shareholder Azzurro Capital Inc sold 15,000 shares of Travelzoo stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total value of $220,800.00. Following the completion of the sale, the insider now owns 4,960,196 shares in the company, valued at approximately $73,014,085.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Travelzoo news, major shareholder Azzurro Capital Inc sold 15,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $14.72, for a total transaction of $220,800.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Holger Bartel sold 13,466 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $10.19, for a total transaction of $137,218.54. Following the completion of the sale, the chief executive officer now directly owns 302,534 shares of the company's stock, valued at $3,082,821.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 379,254 shares of company stock worth $4,459,596. 57.45% of the stock is currently owned by insiders.

Travelzoo declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 23rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have commented on TZOO. Barrington Research raised their price objective on Travelzoo from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday. Litchfield Hills Research started 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. Ascendiant Capital Markets boosted their price target on Travelzoo from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Finally, StockNews.com cut Travelzoo from a "strong-buy" rating to a "buy" rating in a report 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.