Expedia, Inc. (EXPE) Expected to Announce Quarterly Sales of $3.02 Billion
Wall Street brokerages forecast that Expedia, Inc. (NASDAQ:EXPE) will announce $3.02 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Expedia’s earnings, with the lowest sales estimate coming in at $2.95 billion and the highest estimate coming in at $3.06 billion. Expedia posted sales of $2.58 billion during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Expedia will report full-year sales of $3.02 billion for the current financial year, with estimates ranging from $10.13 billion to $10.29 billion. For the next financial year, analysts expect that the business will report sales of $11.68 billion per share, with estimates ranging from $11.50 billion to $11.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Expedia.
Expedia (NASDAQ:EXPE) last announced 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). Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $0.83 EPS. Expedia’s revenue for the quarter was up 17.8% compared to the same quarter last year.
A number of equities analysts have weighed in on EXPE shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $160.00 target price on shares of Expedia in a research note on Thursday, September 7th. Cowen and Company reaffirmed a “buy” rating on shares of Expedia in a research note on Friday, July 28th. TheStreet raised shares of Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $170.00 target price (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.34.
Shares of Expedia (EXPE) opened at 153.40 on Friday. The firm has a market cap of $23.26 billion, a price-to-earnings ratio of 72.19 and a beta of 0.92. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00. The firm has a 50 day moving average of $145.92 and a 200 day moving average of $144.68.
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In related news, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the transaction, the executive vice president now owns 71,248 shares in the company, valued at $10,716,411.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 35,598 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $149.29, for a total transaction of $5,314,425.42. Following the transaction, the insider now owns 167,673 shares of the company’s stock, valued at approximately $25,031,902.17. The disclosure for this sale can be found here. Insiders sold 146,826 shares of company stock valued at $22,359,010 in the last quarter. Corporate insiders own 20.95% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. AXA boosted its holdings in Expedia by 16.7% during the first quarter. AXA now owns 2,800 shares of the online travel company’s stock worth $353,000 after purchasing an additional 400 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Expedia by 1.8% during the first quarter. Municipal Employees Retirement System of Michigan now owns 3,900 shares of the online travel company’s stock worth $492,000 after purchasing an additional 70 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Expedia by 13.1% during the first quarter. Teachers Advisors LLC now owns 557,428 shares of the online travel company’s stock worth $70,331,000 after purchasing an additional 64,570 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Expedia by 6.5% during the first quarter. Global X Management Co. LLC now owns 2,219 shares of the online travel company’s stock worth $280,000 after purchasing an additional 136 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Expedia during the first quarter worth $499,000. Institutional investors and hedge funds own 84.34% of the company’s stock.
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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