Expedia Inc Announces Quarterly Dividend of $0.18 (EXPE)
Expedia (NASDAQ:EXPE) announced a quarterly dividend on Monday, August 4th, AnalystRatings.Net reports. Investors of record on Wednesday, August 27th will be paid a dividend of 0.18 per share on Wednesday, September 17th. This represents a $0.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, August 25th. This is an increase from Expedia’s previous quarterly dividend of $0.15.
A number of analysts have recently weighed in on EXPE shares. Analysts at TheStreet upgraded shares of Expedia to a “buy” rating in a research note on Monday. On a related note, analysts at Cowen and Company raised their price target on shares of Expedia from $80.00 to $90.00 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Expedia in a research note on Friday. They now have a $92.00 price target on the stock, up previously from $80.00. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $85.72.
Expedia (NASDAQ:EXPE) traded up 0.69% on Monday, hitting $85.04. 3,231,667 shares of the company’s stock traded hands. Expedia has a 52 week low of $45.69 and a 52 week high of $84.85. The stock’s 50-day moving average is $79.23 and its 200-day moving average is $74.0. The company has a market cap of $10.816 billion and a price-to-earnings ratio of 34.38. Expedia also was the target of unusually large options trading activity on Friday. Stock traders acquired 11,297 put options on the stock. This is an increase of 371% compared to the average volume of 2,399 put options.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.27. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts expect that Expedia will post $3.96 EPS for the current fiscal year.
Expedia, Inc (NASDAQ:EXPE) is an online travel company.
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