Wall Street analysts expect Expedia, Inc. (NASDAQ:EXPE) to report earnings per share (EPS) of $2.38 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Expedia’s earnings. The lowest EPS estimate is $2.27 and the highest is $2.56. Expedia reported earnings of $2.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The business is scheduled to report its next earnings report on Thursday, October 26th.
On average, analysts expect that Expedia will report full-year earnings of $4.00 per share for the current financial year, with EPS estimates ranging from $3.85 to $4.15. For the next fiscal year, analysts expect that the business will post earnings of $5.47 per share, with EPS estimates ranging from $4.88 to $6.11. Zacks’ EPS averages are an average based on a survey of analysts that cover Expedia.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. Expedia’s revenue for the quarter was up 17.8% compared to the same quarter last year.
Several research analysts have recently weighed in on the stock. Cowen and Company restated a “buy” rating on shares of Expedia in a research note on Friday, July 28th. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a research note on Thursday, July 27th. Cantor Fitzgerald restated a “hold” rating on shares of Expedia in a research note on Monday, June 26th. Stifel Nicolaus restated a “hold” rating and issued a $160.00 target price (up from $135.00) on shares of Expedia in a research note on Sunday, July 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $170.00 target price (up from $135.00) on shares of Expedia in a research note on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $159.73.
In related news, CEO Dara Khosrowshahi sold 86,228 shares of the stock in a transaction dated Tuesday, August 1st. The shares were 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 owns 518,576 shares of the company’s stock, valued at approximately $79,922,933.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 2,544 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the sale, the insider now directly owns 4,815 shares in the company, valued at approximately $685,174.50. The disclosure for this sale can be found here. 20.88% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in EXPE. Edge Wealth Management LLC purchased a new stake in Expedia during the first quarter worth $126,000. Dupont Capital Management Corp purchased a new stake in Expedia during the second quarter worth $143,000. State of Alaska Department of Revenue purchased a new stake in Expedia during the first quarter worth $146,000. Bessemer Group Inc. boosted its stake in Expedia by 16.6% in the second quarter. Bessemer Group Inc. now owns 1,039 shares of the online travel company’s stock worth $155,000 after buying an additional 148 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in Expedia by 18.7% in the second quarter. CENTRAL TRUST Co now owns 1,059 shares of the online travel company’s stock worth $158,000 after buying an additional 167 shares during the period. 80.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Expedia (NASDAQ EXPE) traded down 2.15% during midday trading on Friday, hitting $145.92. 4,184,837 shares of the stock were exchanged. The firm has a market cap of $22.13 billion, a P/E ratio of 68.67 and a beta of 0.92. Expedia has a 12-month low of $105.62 and a 12-month high of $161.00. The firm has a 50 day moving average of $151.40 and a 200 day moving average of $135.62.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. Expedia’s dividend payout ratio (DPR) is 53.08%.
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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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