Expedia, Inc. (EXPE) Scheduled to Post Earnings on Thursday
Expedia, Inc. (NASDAQ:EXPE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 26th. Analysts expect Expedia to post earnings of $2.71 per share for the quarter.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Expedia had a net margin of 3.49% and a return on equity of 10.98%. Expedia’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. On average, analysts expect Expedia to post $4.99 EPS for the current fiscal year and $6.54 EPS for the next fiscal year.
Shares of Expedia, Inc. (NASDAQ EXPE) opened at 152.28 on Thursday. The firm has a 50-day moving average of $145.63 and a 200 day moving average of $144.62. The stock has a market capitalization of $23.09 billion, a PE ratio of 71.66 and a beta of 0.92. Expedia, Inc. has a 52-week low of $111.88 and a 52-week high of $161.00.
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A number of brokerages have weighed in on EXPE. KeyCorp reiterated a “buy” rating and set a $178.00 price target on shares of Expedia in a research report on Tuesday. Cowen and Company set a $158.00 price target on shares of Expedia and gave the company a “buy” rating in a research report on Thursday, October 12th. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price target on shares of Expedia in a research report on Thursday, September 28th. Bank of America Corporation reiterated a “buy” rating and set a $178.00 price target (down from $187.00) on shares of Expedia in a research report on Tuesday, September 26th. Finally, UBS AG reiterated a “buy” rating and set a $170.00 price target (down from $178.00) on shares of Expedia in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Expedia currently has an average rating of “Buy” and a consensus price target of $163.34.
In other news, Vice Chairman Victor Kaufman sold 35,598 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the completion of the sale, the insider now owns 167,673 shares in the company, valued at approximately $25,031,902.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 approximately $10,687,200. The disclosure for this sale can be found here. Insiders have sold a total of 146,826 shares of company stock valued at $22,359,010 in the last 90 days. Insiders own 20.88% 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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