Wall Street brokerages expect Expedia Group Inc (NASDAQ:EXPE) to post earnings per share of ($0.35) for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Expedia Group’s earnings, with the lowest EPS estimate coming in at ($0.51) and the highest estimate coming in at ($0.17). Expedia Group posted earnings per share of ($0.36) in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, May 2nd.
According to Zacks, analysts expect that Expedia Group will report full year earnings of $7.09 per share for the current financial year, with EPS estimates ranging from $6.69 to $7.81. For the next year, analysts anticipate that the firm will report earnings of $8.25 per share, with EPS estimates ranging from $7.53 to $9.55. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Expedia Group.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.50. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS.
A number of research analysts recently commented on EXPE shares. Zacks Investment Research raised Expedia Group from a “sell” rating to a “hold” rating in a report on Monday, January 21st. SunTrust Banks restated a “buy” rating and set a $180.00 price objective on shares of Expedia Group in a research note on Monday, February 4th. Morgan Stanley cut shares of Expedia Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $150.00 to $125.00 in a report on Wednesday, January 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Expedia Group in a report on Friday, February 8th. Finally, BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Expedia Group currently has an average rating of “Buy” and a consensus target price of $146.94.
NASDAQ:EXPE traded down $0.31 on Friday, hitting $124.51. 1,154,739 shares of the stock were exchanged, compared to its average volume of 1,417,601. The firm has a market capitalization of $18.33 billion, a PE ratio of 25.89, a P/E/G ratio of 1.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. Expedia Group has a fifty-two week low of $105.87 and a fifty-two week high of $139.77.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.03%. Expedia Group’s payout ratio is 26.61%.
In other Expedia Group news, Director Dara Khosrowshahi sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total value of $6,258,500.00. Following the sale, the director now owns 462,910 shares in the company, valued at $57,942,444.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Okerstrom sold 5,531 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $127.26, for a total transaction of $703,875.06. Following the completion of the sale, the insider now owns 69,094 shares in the company, valued at approximately $8,792,902.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,759 shares of company stock worth $15,794,981. 20.96% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of EXPE. Bank of New York Mellon Corp raised its position in shares of Expedia Group by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 985,000 shares of the online travel company’s stock valued at $128,524,000 after buying an additional 19,603 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Expedia Group by 21.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 3,281 shares of the online travel company’s stock valued at $428,000 after purchasing an additional 570 shares during the period. LPL Financial LLC increased its position in shares of Expedia Group by 27.0% during the 3rd quarter. LPL Financial LLC now owns 6,885 shares of the online travel company’s stock valued at $898,000 after purchasing an additional 1,462 shares during the period. Advisors Asset Management Inc. increased its position in shares of Expedia Group by 41.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,372 shares of the online travel company’s stock valued at $831,000 after purchasing an additional 1,854 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Expedia Group by 79.5% during the 3rd quarter. Mackenzie Financial Corp now owns 6,208 shares of the online travel company’s stock valued at $810,000 after purchasing an additional 2,749 shares during the period. Hedge funds and other institutional investors own 79.70% of the company’s stock.
About Expedia Group
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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