Brokerages Expect Expedia, Inc. (EXPE) Will Post Quarterly Sales of $2.37 Billion
Wall Street brokerages expect Expedia, Inc. (NASDAQ:EXPE) to announce sales of $2.37 billion for the current quarter, according to Zacks. Nine analysts have made estimates for Expedia’s earnings. The highest sales estimate is $2.43 billion and the lowest is $2.32 billion. Expedia posted sales of $2.09 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The firm is expected to issue its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Expedia will report full year sales of $2.37 billion for the current financial year, with estimates ranging from $10.03 billion to $10.17 billion. For the next year, analysts expect that the business will report sales of $11.34 billion per share, with estimates ranging from $10.92 billion to $11.55 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Expedia.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the consensus estimate of $2.61 by ($0.10). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. Expedia’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 EPS.
Shares of Expedia (EXPE) opened at $119.90 on Friday. The firm has a market cap of $18,070.79, a PE ratio of 29.90, a P/E/G ratio of 1.85 and a beta of 0.89. 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 quick ratio of 0.72 and a current ratio of 0.72.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 1.00%. Expedia’s payout ratio is currently 47.43%.
In other news, Vice Chairman Victor Kaufman sold 119,575 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the transaction, the insider now directly owns 169,575 shares in the company, valued at $20,971,340.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 72,383 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $123.04, for a total transaction of $8,906,004.32. Following the completion of the transaction, the director now owns 494,731 shares of the company’s stock, valued at $60,871,702.24. The disclosure for this sale can be found here. Insiders sold 352,548 shares of company stock worth $43,689,017 in the last 90 days. 20.95% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Expedia in the third quarter valued at approximately $101,000. San Francisco Sentry Investment Group CA bought a new position in shares of Expedia in the second quarter valued at approximately $102,000. Fiduciary Trust Co. bought a new position in shares of Expedia in the second quarter valued at approximately $127,000. Krilogy Financial LLC boosted its holdings in shares of Expedia by 2,900.0% in the third quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after acquiring an additional 870 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in shares of Expedia by 10,987.5% in the second quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares in the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
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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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