Expedia Receives Average Recommendation of “Buy” from Analysts (NASDAQ:EXPE)
Expedia (NASDAQ:EXPE) has received a consensus rating of “Buy” from the twenty-five ratings firms that are currently covering the company, Analyst Ratings News reports. Nine analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $86.25.
EXPE has been the subject of a number of recent research reports. Analysts at BNP Paribas raised their price target on shares of Expedia from $91.00 to $100.00 in a research note on Thursday, August 14th. 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.
Shares of Expedia (NASDAQ:EXPE) remained flat at $86.99 during during mid-day trading trading on Friday. 355,150 shares of the company’s stock traded hands. Expedia has a one year low of $46.63 and a one year high of $87.32. The stock’s 50-day moving average is $82.04 and its 200-day moving average is $75.80. The company has a market cap of $11.064 billion and a P/E ratio of 35.40.
Expedia (NASDAQ:EXPE) last released its earnings data 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. Analysts expect that Expedia will post $3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Stockholders 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 0.83%. The ex-dividend date of this dividend is Monday, August 25th. This is a boost from Expedia’s previous quarterly dividend of $0.15.
In other Expedia news, Chairman Victor Kaufman sold 58,353 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.35, for a total value of $5,038,781.55. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Expedia, Inc (NASDAQ:EXPE), is an online travel company.
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