$2.54 Billion in Sales Expected for Expedia, Inc. (EXPE) This Quarter
Brokerages expect that Expedia, Inc. (NASDAQ:EXPE) will report sales of $2.54 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Expedia’s earnings, with the lowest sales estimate coming in at $2.50 billion and the highest estimate coming in at $2.57 billion. Expedia posted sales of $2.20 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 15.5%. The company is scheduled 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 year, with estimates ranging from $9.96 billion to $10.29 billion. For the next year, analysts anticipate that the firm will post sales of $11.48 billion per share, with estimates ranging from $11.26 billion to $11.83 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Expedia.
Expedia (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.15. Expedia had a return on equity of 11.01% and a net margin of 3.36%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the firm posted $0.09 EPS. The company’s revenue was up 15.0% compared to the same quarter last year.
Several brokerages have recently commented on EXPE. Deutsche Bank AG restated a “buy” rating and issued a $158.00 price objective (up from $138.00) on shares of Expedia in a research report on Saturday, April 29th. MKM Partners restated a “buy” rating and issued a $165.00 price objective (up from $145.00) on shares of Expedia in a research report on Monday, May 8th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $165.00 price objective (up from $143.00) on shares of Expedia in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. boosted their price objective on Expedia from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Finally, Stifel Nicolaus downgraded Expedia from a “buy” rating to a “hold” rating and boosted their price objective for the company from $133.00 to $135.00 in a research report on Friday, April 28th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $147.91.
Shares of Expedia (NASDAQ:EXPE) opened at 147.69 on Wednesday. The firm has a 50 day moving average price of $143.68 and a 200 day moving average price of $128.29. The stock has a market cap of $22.29 billion, a PE ratio of 74.97 and a beta of 0.93. Expedia has a 12-month low of $96.58 and a 12-month high of $150.62.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Expedia’s dividend payout ratio is 57.14%.
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In related news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $139.95, for a total value of $419,850.00. Following the transaction, the director now owns 30,496 shares of the company’s stock, valued at $4,267,915.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total value of $362,011.20. Following the completion of the transaction, the insider now directly owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,043 shares of company stock worth $5,330,777. Insiders own 20.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Edge Wealth Management LLC purchased a new position in shares of Expedia during the first quarter valued at about $126,000. State of Alaska Department of Revenue purchased a new position in shares of Expedia during the first quarter valued at about $146,000. Point72 Asia Hong Kong Ltd boosted its position in shares of Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock valued at $159,000 after buying an additional 1,243 shares during the period. Rice Hall James & Associates LLC boosted its position in shares of Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock valued at $180,000 after buying an additional 41 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Expedia by 66.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,494 shares of the online travel company’s stock valued at $188,000 after buying an additional 594 shares during the period. 81.13% of the stock is currently owned by institutional investors.
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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