Expedia Reaches New 1-Year High at $87.32 (EXPE)
Expedia (NASDAQ:EXPE) shares reached a new 52-week high during mid-day trading on Monday , AnalystRatings.NET reports. The stock traded as high as $87.32 and last traded at $86.03, with a volume of 771,248 shares changing hands. The stock had previously closed at $85.37.
Several analysts have recently commented on the stock. Analysts at BNP Paribas raised their price target on shares of Expedia from $91.00 to $100.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Expedia in a research note on Wednesday, August 13th. They set a “hold” rating and a $88.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Expedia to a “buy” rating in a research note on Monday, August 4th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Expedia currently has an average rating of “Buy” and an average price target of $86.25.
The stock’s 50-day moving average is $81.28 and its 200-day moving average is $75.21. The company has a market cap of $10.945 billion and a price-to-earnings ratio of 34.75.
Expedia (NASDAQ:EXPE) last announced its earnings results on Thursday, July 31st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts predict that Expedia will post $3.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, August 25th. This is a positive change from Expedia’s previous quarterly dividend of $0.15.
Expedia, Inc (NASDAQ:EXPE), is an online travel company.
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