Equities analysts expect Expedia, Inc. (NASDAQ:EXPE) to post $3.05 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Expedia’s earnings, with the highest sales estimate coming in at $3.10 billion and the lowest estimate coming in at $3.00 billion. Expedia reported sales of $2.58 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Expedia will report full year sales of $3.05 billion for the current year, with estimates ranging from $9.97 billion to $10.36 billion. For the next financial year, analysts expect that the firm will post sales of $11.70 billion per share, with estimates ranging from $11.27 billion to $11.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Expedia.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by $0.05. Expedia had a net margin of 3.49% and a return on equity of 10.98%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. Expedia’s revenue was up 17.8% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. TheStreet upgraded shares of Expedia from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $175.00 price objective (up from $160.00) on shares of Expedia in a report on Friday, July 28th. Credit Suisse Group set a $175.00 price objective on shares of Expedia and gave the stock a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus reiterated a “hold” rating and set a $160.00 price objective (up from $135.00) on shares of Expedia in a report on Sunday, July 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $140.00 price objective on shares of Expedia in a report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Expedia presently has a consensus rating of “Buy” and a consensus price target of $163.02.
Shares of Expedia (NASDAQ EXPE) opened at 144.12 on Tuesday. Expedia has a 12 month low of $105.62 and a 12 month high of $161.00. The firm has a market capitalization of $21.85 billion, a PE ratio of 67.82 and a beta of 0.97. The firm’s 50 day moving average is $148.63 and its 200-day moving average is $140.77.
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 paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 22nd. This is a boost from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.83%. Expedia’s dividend payout ratio (DPR) is 56.87%.
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In related news, CEO Dara Khosrowshahi sold 86,228 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total transaction of $13,289,459.36. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Okerstrom sold 12,500 shares of the firm’s stock in a transaction 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 transaction, 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. Insiders have sold 146,826 shares of company stock worth $22,359,010 over the last 90 days. 20.88% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. lifted its stake in Expedia by 0.5% during the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock worth $372,000 after purchasing an additional 16 shares during the last quarter. Merriman Wealth Management LLC lifted its stake in Expedia by 1.4% during the second quarter. Merriman Wealth Management LLC now owns 2,139 shares of the online travel company’s stock worth $319,000 after purchasing an additional 29 shares during the last quarter. Blair William & Co. IL lifted its stake in Expedia by 0.6% during the second quarter. Blair William & Co. IL now owns 4,998 shares of the online travel company’s stock worth $744,000 after purchasing an additional 30 shares during the last quarter. First Allied Advisory Services Inc. lifted its stake in Expedia by 1.3% during the second quarter. First Allied Advisory Services Inc. now owns 2,763 shares of the online travel company’s stock worth $412,000 after purchasing an additional 35 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Expedia by 0.8% during the second quarter. Nordea Investment Management AB now owns 4,996 shares of the online travel company’s stock worth $744,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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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