Wall Street analysts predict that Expedia Group Inc (NASDAQ:EXPE) will post earnings per share of ($0.26) for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Expedia Group’s earnings, with estimates ranging from ($0.51) to ($0.03). Expedia Group reported earnings of ($0.36) per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.8%. The company is expected to report its next quarterly earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Expedia Group will report full-year earnings of $6.85 per share for the current year, with EPS estimates ranging from $6.17 to $7.68. For the next fiscal year, analysts expect that the firm will post earnings of $8.14 per share, with EPS estimates ranging from $7.06 to $8.89. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Expedia Group.
Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.50. Expedia Group had a net margin of 3.62% and a return on equity of 12.96%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 10.3% on a year-over-year basis.
A number of brokerages recently weighed in on EXPE. TheStreet cut shares of Expedia Group from a “b” rating to a “c+” rating in a research report on Wednesday, November 14th. Zacks Investment Research raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Monday, January 14th. Cowen set a $135.00 price objective on shares of Expedia Group and gave the company a “buy” rating in a research report on Monday, October 22nd. BidaskClub cut shares of Expedia Group from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $125.00 price objective (up from $115.00) on shares of Expedia Group in a research report on Friday. Eleven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Expedia Group currently has a consensus rating of “Buy” and a consensus target price of $145.11.
Expedia Group stock traded up $0.03 during trading on Tuesday, reaching $126.66. 39,612 shares of the company’s stock were exchanged, compared to its average volume of 1,683,129. The company has a current ratio of 0.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.66. Expedia Group has a 52-week low of $99.07 and a 52-week high of $139.77. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 6th. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.
In other news, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $125.17, for a total value of $6,258,500.00. Following the completion of the transaction, the director now directly owns 462,910 shares in the company, valued at $57,942,444.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lance A. Soliday sold 1,749 shares of the stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $116.70, for a total transaction of $204,108.30. Following the completion of the transaction, the insider now owns 6,393 shares of the company’s stock, valued at $746,063.10. The disclosure for this sale can be found here. Insiders sold 55,030 shares of company stock valued at $6,853,966 over the last quarter. Insiders own 20.96% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Alta Capital Management LLC boosted its holdings in shares of Expedia Group by 4.8% in the 3rd quarter. Alta Capital Management LLC now owns 207,421 shares of the online travel company’s stock worth $27,064,000 after purchasing an additional 9,479 shares during the period. Westpac Banking Corp grew its stake in Expedia Group by 341.4% during the 3rd quarter. Westpac Banking Corp now owns 39,503 shares of the online travel company’s stock valued at $5,154,000 after purchasing an additional 30,554 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Expedia Group by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 985,000 shares of the online travel company’s stock valued at $128,524,000 after purchasing an additional 19,603 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Expedia Group during the 4th quarter valued at about $291,000. Finally, State of Alaska Department of Revenue grew its stake in Expedia Group by 5.8% during the 4th quarter. State of Alaska Department of Revenue now owns 38,808 shares of the online travel company’s stock valued at $4,370,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.
Expedia Group Company Profile
Expedia Group, Inc, together with its subsidiaries, operates as an online travel company in the United States and internationally. It operates through Core OTA, Trivago, HomeAway, and Egencia segments. The company facilitates the booking of hotel rooms, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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