$1.21 EPS Expected for Expedia, Inc. (EXPE) This Quarter
Wall Street brokerages forecast that Expedia, Inc. (NASDAQ:EXPE) will post earnings per share (EPS) of $1.21 for the current quarter, Zacks reports. Nine analysts have provided estimates for Expedia’s earnings, with estimates ranging from $1.02 to $1.38. Expedia reported earnings per share of $1.17 during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Expedia will report full year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.85. For the next financial year, analysts forecast that the company will report earnings of $5.44 per share, with EPS estimates ranging from $4.70 to $5.99. Zacks’ EPS averages are an average based on a survey of research analysts that cover Expedia.
Expedia (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 EPS.
EXPE has been the subject of a number of recent research reports. Zacks Investment Research downgraded Expedia from a “hold” rating to a “sell” rating in a research report on Monday, September 11th. Cowen and Company restated a “buy” rating and issued a $170.00 target price on shares of Expedia in a research report on Sunday, August 27th. Deutsche Bank AG restated a “buy” rating and issued a $175.00 target price (up previously from $158.00) on shares of Expedia in a research report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and issued a $170.00 target price (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $190.00 target price on shares of Expedia in a research report on Monday, August 28th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $159.61.
Shares of Expedia (EXPE) opened at $122.98 on Tuesday. The firm has a market capitalization of $18,764.39, a P/E ratio of 31.00, a P/E/G ratio of 1.92 and a beta of 0.90. Expedia has a 12-month low of $111.88 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.72 and a quick ratio of 0.72.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 0.98%. Expedia’s payout ratio is 47.43%.
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In related news, EVP Mark D. Okerstrom sold 12,500 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total value of $1,880,125.00. Following the sale, the executive vice president now directly owns 71,248 shares of the company’s stock, valued at $10,716,411.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the sale, the insider now directly owns 169,575 shares in the company, valued at $20,971,340.25. The disclosure for this sale can be found here. 20.88% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of EXPE. Balyasny Asset Management LLC purchased a new stake in Expedia in the second quarter worth $107,942,000. Jennison Associates LLC grew its stake in Expedia by 17.6% in the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after purchasing an additional 599,037 shares during the period. Fred Alger Management Inc. purchased a new stake in Expedia in the second quarter worth $86,569,000. Artisan Partners Limited Partnership grew its stake in Expedia by 61.9% in the second quarter. Artisan Partners Limited Partnership now owns 1,437,446 shares of the online travel company’s stock worth $214,108,000 after purchasing an additional 549,366 shares during the period. Finally, Vanguard Group Inc. grew its stake in Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after purchasing an additional 428,656 shares during the period. 84.49% 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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