Analysts expect Expedia Group Inc (NASDAQ:EXPE) to post $2.69 billion in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The business 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 fiscal year, analysts forecast that the company will post sales of $13.63 billion, with estimates ranging from $12.88 billion to $14.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Expedia Group.
Get Expedia Group alerts:Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.50. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share.
A number of research firms recently commented on EXPE. Jefferies Financial Group lifted their price target on Expedia Group to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Credit Suisse Group lifted their price target on Expedia Group from $145.00 to $150.00 in a research note on Friday, February 8th. Needham & Company LLC lifted their price target on Expedia Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Benchmark reissued a “hold” rating on shares of Expedia Group in a report on Friday, February 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $125.00 target price (up previously from $115.00) on shares of Expedia Group in a report on Friday, February 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $145.63.
NASDAQ:EXPE traded down $0.49 during mid-day trading on Thursday, reaching $128.10. The stock had a trading volume of 1,161,741 shares, compared to its average volume of 1,646,837. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Expedia Group has a 1-year low of $101.37 and a 1-year high of $139.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors 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 1.00%. The ex-dividend date is Wednesday, March 6th. Expedia Group’s payout ratio is presently 26.61%.
In related news, Director Dara Khosrowshahi sold 50,000 shares of Expedia Group stock in a transaction 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 sale, the director now owns 462,910 shares of the company’s stock, valued at approximately $57,942,444.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lance A. Soliday sold 1,749 shares of Expedia Group stock in a transaction 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 sale, the insider now directly owns 6,393 shares of the company’s stock, valued at approximately $746,063.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,446 shares of company stock valued at $14,586,970. 20.96% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in Expedia Group by 464.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,518 shares of the online travel company’s stock worth $543,000 after acquiring an additional 3,718 shares during the last quarter. FMR LLC increased its stake in Expedia Group by 8.9% in the second quarter. FMR LLC now owns 912,950 shares of the online travel company’s stock valued at $109,728,000 after acquiring an additional 74,350 shares during the period. Bank of Montreal Can increased its stake in Expedia Group by 27.0% in the third quarter. Bank of Montreal Can now owns 149,914 shares of the online travel company’s stock valued at $19,561,000 after acquiring an additional 31,830 shares during the period. Scout Investments Inc. increased its stake in Expedia Group by 7.8% in the third quarter. Scout Investments Inc. now owns 144,575 shares of the online travel company’s stock valued at $18,864,000 after acquiring an additional 10,436 shares during the period. Finally, First Hawaiian Bank bought a new stake in Expedia Group in the third quarter valued at about $1,393,000. 80.64% of the stock is owned by institutional investors and hedge funds.
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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