Expedia Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:EXPE)
Shares of Expedia (NASDAQ:EXPE) have earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, Analyst Ratings News reports. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $86.25.
In other Expedia news, Chairman Victor Kaufman sold 58,353 shares of Expedia stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $86.35, for a total value of $5,038,781.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on EXPE shares. 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.
Expedia (NASDAQ:EXPE) opened at 87.80 on Friday. Expedia has a 1-year low of $46.63 and a 1-year high of $87.99. The stock has a 50-day moving average of $82.34 and a 200-day moving average of $76.31. The company has a market cap of $11.167 billion and a price-to-earnings ratio of 35.51.
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. 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. Investors 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 0.82%. The ex-dividend date of this dividend is Monday, August 25th. This is an increase from Expedia’s previous quarterly dividend of $0.15.
Expedia, Inc (NASDAQ:EXPE), is an online travel company.