Analysts Expect Expedia, Inc. (EXPE) Will Announce Quarterly Sales of $3.02 Billion
Analysts forecast that Expedia, Inc. (NASDAQ:EXPE) will announce $3.02 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Expedia’s earnings, with estimates ranging from $2.95 billion to $3.06 billion. Expedia posted sales of $2.58 billion in the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The business is expected to announce its next earnings report 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 $9.97 billion to $10.29 billion. For the next year, analysts forecast that the firm will report sales of $11.65 billion per share, with estimates ranging from $11.27 billion to $11.91 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Expedia.
Expedia (NASDAQ:EXPE) last issued its 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 return on equity of 10.98% and a net margin of 3.49%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year.
A number of analysts have commented on the company. Argus assumed coverage on Expedia in a research report on Wednesday, July 5th. They issued a “buy” rating and a $178.00 price target for the company. Zacks Investment Research upgraded Expedia from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Wednesday, July 5th. Needham & Company LLC restated a “buy” rating on shares of Expedia in a research report on Wednesday, June 21st. Morgan Stanley restated an “equal weight” rating and issued a $170.00 price target (up previously from $135.00) on shares of Expedia in a research report on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. upped their price target on Expedia from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $163.26.
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Expedia (NASDAQ:EXPE) opened at 143.94 on Friday. The company has a market cap of $21.83 billion, a P/E ratio of 67.74 and a beta of 0.97. The firm has a 50-day moving average price of $146.32 and a 200 day moving average price of $141.84. Expedia has a 52 week low of $108.50 and a 52 week high of $161.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. This is an increase from Expedia’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, August 22nd. Expedia’s dividend payout ratio is presently 56.87%.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the sale, the chief executive officer now directly owns 518,576 shares in the company, valued at $79,922,933.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $150.00, for a total value of $1,875,000.00. Following the completion of the sale, the executive vice president now owns 71,248 shares in the company, valued at $10,687,200. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,826 shares of company stock worth $22,359,010. Company insiders own 20.95% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its holdings in Expedia by 54.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 965,266 shares of the online travel company’s stock worth $121,788,000 after purchasing an additional 339,186 shares during the period. Mutual of America Capital Management LLC increased its holdings in Expedia by 8.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,052 shares of the online travel company’s stock worth $1,899,000 after purchasing an additional 1,202 shares during the period. Envestnet Asset Management Inc. increased its holdings in Expedia by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,328 shares of the online travel company’s stock worth $799,000 after purchasing an additional 80 shares during the period. Nordea Investment Management AB increased its holdings in Expedia by 1.6% during the 1st quarter. Nordea Investment Management AB now owns 4,958 shares of the online travel company’s stock worth $626,000 after purchasing an additional 80 shares during the period. Finally, Neuberger Berman Group LLC increased its holdings in Expedia by 1,118.9% during the 1st quarter. Neuberger Berman Group LLC now owns 1,805,829 shares of the online travel company’s stock worth $227,841,000 after purchasing an additional 1,657,678 shares during the period. Hedge funds and other institutional investors own 84.37% of the company’s stock.
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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