$2.54 Billion in Sales Expected for Expedia Inc (EXPE) This Quarter
Equities analysts predict that Expedia Inc (NASDAQ:EXPE) will report sales of $2.54 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Expedia’s earnings, with the lowest sales estimate coming in at $2.5 billion and the highest estimate coming in at $2.57 billion. Expedia reported sales of $2.2 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Expedia will report full year sales of $2.54 billion for the current fiscal year, with estimates ranging from $9.96 billion to $10.29 billion. For the next financial year, analysts anticipate that the firm will report sales of $11.48 billion per share, with estimates ranging from $11.26 billion to $11.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Expedia.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.54% and a net margin of 3.06%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year.
EXPE has been the topic of several analyst reports. Raymond James Financial, Inc. restated a “market perform” rating and set a $139.00 price objective on shares of Expedia in a report on Thursday, May 18th. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $165.00 price objective (up previously from $145.00) on shares of Expedia in a research note on Monday, May 8th. JMP Securities reaffirmed an “outperform” rating and set a $155.00 target price (up from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. TheStreet lowered Expedia from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Finally, Credit Suisse Group AG set a $151.00 target price on Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. Eight analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $147.06.
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Shares of Expedia (NASDAQ:EXPE) traded down 0.84% during trading on Friday, hitting $144.32. The stock had a trading volume of 882,975 shares. The stock’s 50 day moving average is $136.53 and its 200-day moving average is $125.59. The company has a market cap of $21.78 billion, a PE ratio of 73.26 and a beta of 0.69. Expedia has a 12-month low of $96.58 and a 12-month high of $146.03. Expedia also saw unusually large options trading on Tuesday. Stock traders acquired 895 call options on the stock. This is an increase of approximately 227% compared to the average daily volume of 274 call options.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, May 23rd. Expedia’s dividend payout ratio (DPR) is currently 60.47%.
In related news, Director Craig A. Jacobson sold 3,000 shares of Expedia stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $139.95, for a total value of $419,850.00. Following the sale, the director now owns 30,496 shares in the company, valued at $4,267,915.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Athey sold 670 shares of Expedia stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total transaction of $92,855.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,043 shares of company stock worth $5,330,777. 20.95% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in EXPE. Virtus Investment Advisers Inc. bought a new stake in Expedia during the third quarter valued at $999,000. Advantus Capital Management Inc boosted its stake in Expedia by 4.6% in the third quarter. Advantus Capital Management Inc now owns 12,027 shares of the online travel company’s stock valued at $1,404,000 after buying an additional 534 shares during the period. Two Sigma Advisers LP boosted its stake in Expedia by 33.3% in the third quarter. Two Sigma Advisers LP now owns 1,515,511 shares of the online travel company’s stock valued at $176,890,000 after buying an additional 378,341 shares during the period. Allen Investment Management LLC boosted its stake in Expedia by 16.8% in the third quarter. Allen Investment Management LLC now owns 44,231 shares of the online travel company’s stock valued at $5,163,000 after buying an additional 6,346 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Expedia by 44.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,909 shares of the online travel company’s stock valued at $2,557,000 after buying an additional 6,771 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.
Expedia Company Profile
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.
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