Analysts Expect Expedia, Inc. (EXPE) Will Announce Quarterly Sales of $3.04 Billion
Brokerages expect Expedia, Inc. (NASDAQ:EXPE) to report $3.04 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Expedia’s earnings. The lowest sales estimate is $2.99 billion and the highest is $3.10 billion. Expedia reported sales of $2.58 billion during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The business is expected to report its next earnings report on Thursday, October 26th.
On average, analysts expect that Expedia will report full year sales of $3.04 billion for the current fiscal year, with estimates ranging from $9.97 billion to $10.33 billion. For the next year, analysts forecast that the firm will post sales of $11.65 billion per share, with estimates ranging from $11.27 billion to $11.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Expedia.
Expedia (NASDAQ:EXPE) last released its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned $0.83 EPS. The company’s revenue was up 17.8% compared to the same quarter last year.
EXPE has been the subject of several recent analyst reports. Cowen and Company restated a “buy” rating on shares of Expedia in a report on Friday, July 28th. TheStreet upgraded Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Cantor Fitzgerald restated a “hold” rating on shares of Expedia in a report on Monday, June 26th. Stifel Nicolaus restated a “hold” rating and issued a $160.00 price target (up from $135.00) on shares of Expedia in a report on Sunday, July 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $170.00 price objective (up from $135.00) on shares of Expedia in a report on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $159.73.
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In related news, insider Lance A. Soliday sold 2,544 shares of Expedia stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now directly owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 86,228 shares of Expedia stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,772 shares of company stock valued at $14,071,321. Insiders own 20.88% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in Expedia during the second quarter valued at $143,000. Edge Wealth Management LLC purchased a new stake in Expedia during the first quarter valued at $126,000. Bessemer Group Inc. boosted its stake in Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock valued at $155,000 after buying an additional 148 shares during the last quarter. CENTRAL TRUST Co boosted its stake in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock valued at $158,000 after buying an additional 167 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Expedia during the first quarter valued at $146,000. 80.96% of the stock is owned by institutional investors and hedge funds.
Expedia (NASDAQ EXPE) opened at 151.35 on Monday. The firm’s 50-day moving average price is $151.40 and its 200 day moving average price is $135.62. Expedia has a 1-year low of $105.62 and a 1-year high of $161.00. The stock has a market cap of $22.95 billion, a PE ratio of 71.22 and a beta of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. This is a boost from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s dividend payout ratio (DPR) is presently 53.08%.
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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