$2.69 Billion in Sales Expected for Expedia Group Inc (EXPE) This Quarter
Brokerages predict that Expedia Group Inc (NASDAQ:EXPE) will post $2.69 billion in sales for the current quarter, Zacks reports. Eleven analysts have made estimates for Expedia Group’s earnings. The lowest sales estimate is $2.60 billion and the highest is $2.76 billion. Expedia Group posted sales of $2.51 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The company is expected to announce its next earnings report on Thursday, April 25th.
On average, analysts expect that Expedia Group will report full year sales of $12.35 billion for the current year, with estimates ranging from $11.85 billion to $12.55 billion. For the next financial year, analysts forecast that the firm will report sales of $13.63 billion, with estimates ranging from $12.88 billion to $14.00 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Expedia Group.
Expedia Group (NASDAQ:EXPE) last issued its earnings results on Thursday, February 7th. The online travel company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS.
Shares of EXPE stock traded up $0.33 during trading on Thursday, hitting $127.09. 1,479,977 shares of the stock traded hands, compared to its average volume of 1,691,191. The firm has a market cap of $18.88 billion, a PE ratio of 26.42, a PEG ratio of 1.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.70 and a current ratio of 0.64. Expedia Group has a 52-week low of $101.37 and a 52-week high of $139.77.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Thursday, March 7th will be paid 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 related news, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $126.80, for a total value of $701,330.80. Following the sale, the insider now directly owns 68,375 shares in the company, valued at approximately $8,669,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $6,258,500.00. Following the completion of the sale, the director now owns 462,910 shares in the company, valued at $57,942,444.70. The disclosure for this sale can be found here. Insiders sold a total of 107,280 shares of company stock worth $13,679,439 over the last quarter. 20.96% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Legacy Bridge LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $35,000. JOYN Advisors Inc. raised its holdings in Expedia Group by 53.0% during the 4th quarter. JOYN Advisors Inc. now owns 332 shares of the online travel company’s stock worth $37,000 after buying an additional 115 shares during the period. Rational Advisors LLC acquired a new stake in Expedia Group during the 4th quarter worth approximately $38,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Expedia Group by 47.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 419 shares of the online travel company’s stock worth $47,000 after buying an additional 135 shares during the period. Finally, River Wealth Advisors LLC raised its holdings in Expedia Group by 50.0% during the 4th quarter. River Wealth Advisors LLC now owns 540 shares of the online travel company’s stock worth $61,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 80.65% of the company’s stock.
About Expedia Group
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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