Wall Street analysts expect Expedia Group Inc (NASDAQ:EXPE) to post sales of $3.58 billion for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Expedia Group’s earnings. The lowest sales estimate is $3.53 billion and the highest is $3.64 billion. Expedia Group reported sales of $3.28 billion in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Expedia Group will report full year sales of $12.15 billion for the current year, with estimates ranging from $12.00 billion to $12.28 billion. For the next financial year, analysts anticipate that the business will report sales of $13.37 billion, with estimates ranging from $12.96 billion to $13.60 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Expedia Group.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.40 by $0.07. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a return on equity of 14.20% and a net margin of 5.36%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS.
Several equities research analysts recently commented on EXPE shares. Telsey Advisory Group set a $125.00 target price on Expedia Group and gave the company a “hold” rating in a report on Friday, May 3rd. TheStreet upgraded Expedia Group from a “c+” rating to an “a-” rating in a report on Thursday, July 25th. Needham & Company LLC started coverage on Expedia Group in a report on Monday, May 20th. They set a “hold” rating on the stock. SunTrust Banks restated a “buy” rating and set a $185.00 price objective on shares of Expedia Group in a report on Thursday, July 25th. Finally, Piper Jaffray Companies dropped their price objective on Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $152.43.
In other news, Director Craig A. Jacobson sold 3,300 shares of Expedia Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.53, for a total value of $430,749.00. Following the completion of the transaction, the director now owns 30,480 shares in the company, valued at approximately $3,978,554.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan C. Athey sold 2,425 shares of Expedia Group stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the transaction, the director now owns 1,462 shares of the company’s stock, valued at approximately $196,770.58. The disclosure for this sale can be found here. 20.96% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. WealthStone Inc. acquired a new position in Expedia Group during the 2nd quarter valued at approximately $27,000. FNY Investment Advisers LLC acquired a new position in Expedia Group during the 2nd quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC acquired a new position in Expedia Group during the 2nd quarter valued at approximately $41,000. Shine Investment Advisory Services Inc. boosted its position in Expedia Group by 50.7% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 345 shares of the online travel company’s stock valued at $41,000 after purchasing an additional 116 shares during the period. Finally, Glassman Wealth Services boosted its position in Expedia Group by 404.3% during the 2nd quarter. Glassman Wealth Services now owns 353 shares of the online travel company’s stock valued at $47,000 after purchasing an additional 283 shares during the period. Institutional investors own 77.09% of the company’s stock.
Shares of NASDAQ:EXPE traded down $0.12 during mid-day trading on Thursday, hitting $130.77. 840,687 shares of the company traded hands, compared to its average volume of 1,630,081. The firm has a market cap of $19.59 billion, a P/E ratio of 27.19, a PEG ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a 52-week low of $108.11 and a 52-week high of $144.00. The firm’s 50 day simple moving average is $132.66 and its 200 day simple moving average is $126.08.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be given a $0.34 dividend. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 21st. This represents a $1.36 annualized dividend and a dividend yield of 1.04%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
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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