Expedia (EXPE) Releases Quarterly Earnings Results
Expedia (NASDAQ:EXPE) issued its quarterly earnings data on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06, Analyst Ratings.Net reports. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion.
Shares of Expedia (NASDAQ:EXPE) traded up 1.89% on Thursday, hitting $65.14. 4,422,241 shares of the company’s stock traded hands. Expedia has a 52 week low of $45.69 and a 52 week high of $72.19. The stock has a 50-day moving average of $67.77 and a 200-day moving average of $57.38. The company has a market cap of $8.491 billion and a price-to-earnings ratio of 62.49. Expedia also saw unusually large options trading activity on Tuesday. Investors purchased 13,091 call options on the company. This represents an increase of 503% compared to the average volume of 2,171 call options.
A number of analysts have recently weighed in on EXPE shares. Analysts at FBR Capital Markets raised their price target on shares of Expedia from $70.00 to $85.00 in a research note to investors on Friday, January 17th. They now have an “outperform” rating on the stock. On a related note, analysts at Evercore Partners raised their price target on shares of Expedia from $56.00 to $64.00 in a research note to investors on Wednesday, January 15th. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Expedia from $70.00 to $75.00 in a research note to investors on Monday, December 30th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Expedia presently has an average rating of “Hold” and a consensus target price of $66.18.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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