Brokerages predict that Expedia Group Inc (NASDAQ:EXPE) will announce sales of $2.70 billion for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Expedia Group’s earnings, with the lowest sales estimate coming in at $2.60 billion and the highest estimate coming in at $2.76 billion. Expedia Group reported sales of $2.51 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The company is expected to announce its next quarterly earnings report on Thursday, April 25th.
On average, analysts expect that Expedia Group will report full-year sales of $12.36 billion for the current fiscal year, with estimates ranging from $11.85 billion to $12.55 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.65 billion, with estimates ranging from $12.88 billion to $14.00 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Expedia Group.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.50. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year.
EXPE has been the subject of several research reports. Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Monday, October 22nd. Oppenheimer set a $155.00 price target on Expedia Group and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Cowen set a $135.00 price target on Expedia Group and gave the stock a “buy” rating in a research report on Monday, October 22nd. Deutsche Bank reduced their price objective on Expedia Group from $147.00 to $146.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. Finally, Credit Suisse Group decreased their price objective on Expedia Group from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, October 24th. Ten research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Expedia Group currently has a consensus rating of “Buy” and an average price target of $145.63.
NASDAQ EXPE opened at $127.46 on Thursday. The stock has a market capitalization of $18.90 billion, a PE ratio of 26.50, a P/E/G ratio of 1.51 and a beta of 1.04. Expedia Group has a 12 month low of $99.07 and a 12 month high of $139.77. The company has a current ratio of 0.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. Expedia Group’s dividend payout ratio is presently 26.61%.
In other 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 transaction of $6,258,500.00. Following the transaction, the director now directly owns 462,910 shares in the company, valued at $57,942,444.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lance A. Soliday sold 1,749 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total value of $204,108.30. Following the completion of the sale, the insider now directly owns 6,393 shares of the company’s stock, valued at approximately $746,063.10. The disclosure for this sale can be found here. Insiders have sold 101,749 shares of company stock valued at $12,978,108 in the last quarter. 20.96% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of EXPE. RMB Capital Management LLC increased its holdings in shares of Expedia Group by 6.6% during the 4th quarter. RMB Capital Management LLC now owns 1,783 shares of the online travel company’s stock valued at $201,000 after acquiring an additional 111 shares during the last quarter. American International Group Inc. grew its position in shares of Expedia Group by 23.8% in the fourth quarter. American International Group Inc. now owns 69,052 shares of the online travel company’s stock valued at $7,779,000 after purchasing an additional 13,272 shares during the last quarter. Geode Capital Management LLC lifted its stake in Expedia Group by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 1,558,162 shares of the online travel company’s stock worth $175,222,000 after purchasing an additional 104,159 shares during the last quarter. California State Teachers Retirement System increased its holdings in Expedia Group by 2.2% in the fourth quarter. California State Teachers Retirement System now owns 201,418 shares of the online travel company’s stock valued at $22,690,000 after purchasing an additional 4,248 shares during the period. Finally, Gideon Capital Advisors Inc. grew its stake in shares of Expedia Group by 8.4% in the 4th quarter. Gideon Capital Advisors Inc. now owns 4,801 shares of the online travel company’s stock valued at $541,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 80.65% 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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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