Expedia, Inc. (EXPE) Forecasted to Post Q3 2017 Earnings of $1.90 Per Share
Expedia, Inc. (NASDAQ:EXPE) – Equities research analysts at SunTrust Banks issued their Q3 2017 earnings per share estimates for shares of Expedia in a research note issued on Tuesday. SunTrust Banks analyst N. Khan forecasts that the online travel company will post earnings of $1.90 per share for the quarter. SunTrust Banks has a “Buy” rating and a $190.00 price objective on the stock. SunTrust Banks also issued estimates for Expedia’s Q4 2017 earnings at $1.05 EPS, FY2017 earnings at $3.45 EPS, FY2018 earnings at $5.07 EPS, FY2019 earnings at $6.76 EPS, FY2020 earnings at $8.65 EPS and FY2021 earnings at $10.73 EPS.
A number of other research firms also recently weighed in on EXPE. Cowen and Company reiterated a “buy” rating on shares of Expedia in a research report on Friday, July 28th. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a research report on Thursday, July 27th. Cantor Fitzgerald reiterated a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $160.00 price target (up from $135.00) on shares of Expedia in a research report on Sunday, July 30th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $170.00 price target (up from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Eight 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.81.
Expedia (NASDAQ:EXPE) opened at 144.14 on Friday. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00. The firm has a 50-day moving average price of $151.11 and a 200 day moving average price of $137.69. The firm has a market cap of $21.86 billion, a PE ratio of 67.83 and a beta of 0.92.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS.
A number of hedge funds have recently modified their holdings of EXPE. Profund Advisors LLC boosted its stake in shares of Expedia by 6.0% in the first quarter. Profund Advisors LLC now owns 29,502 shares of the online travel company’s stock worth $3,722,000 after buying an additional 1,657 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Expedia by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,294 shares of the online travel company’s stock worth $389,000 after buying an additional 161 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Expedia by 41.6% in the first quarter. Nationwide Fund Advisors now owns 156,473 shares of the online travel company’s stock worth $19,742,000 after buying an additional 45,947 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of Expedia by 34.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,331 shares of the online travel company’s stock worth $925,000 after buying an additional 1,897 shares during the period. Finally, Abner Herrman & Brock LLC purchased a new stake in shares of Expedia during the first quarter worth approximately $1,025,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.
In other Expedia news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the sale, the executive vice president now owns 71,248 shares of the company’s stock, valued at $10,687,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 86,228 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at approximately $79,922,933.12. The disclosure for this sale can be found here. Insiders have sold 134,326 shares of company stock worth $20,478,885 in the last ninety days. Insiders own 20.95% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio is 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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