$2.89 Billion in Sales Expected for Expedia (EXPE) This Quarter

Analysts expect Expedia (NASDAQ:EXPE) to post sales of $2.89 billion for the current fiscal quarter, according to Zacks. Twelve analysts have issued estimates for Expedia’s earnings. The lowest sales estimate is $2.75 billion and the highest is $2.98 billion. Expedia posted sales of $2.59 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The firm is expected to issue its next quarterly earnings results on Thursday, July 26th.

According to Zacks, analysts expect that Expedia will report full year sales of $11.35 billion for the current year, with estimates ranging from $10.93 billion to $11.50 billion. For the next financial year, analysts expect that the company will post sales of $12.70 billion per share, with estimates ranging from $12.16 billion to $12.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Expedia.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, April 26th. The online travel company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.53). The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.44 billion. Expedia had a net margin of 3.15% and a return on equity of 8.25%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share.

EXPE has been the topic of a number of research reports. Cowen set a $125.00 price target on shares of Expedia and gave the company a “buy” rating in a report on Friday, February 9th. SunTrust Banks reiterated a “buy” rating and issued a $165.00 price target on shares of Expedia in a report on Friday, February 9th. Bank of America reduced their price target on shares of Expedia from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Credit Suisse Group set a $132.00 price target on shares of Expedia and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Citigroup reduced their price target on shares of Expedia from $170.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $144.19.

Hedge funds have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC purchased a new position in shares of Expedia during the 4th quarter worth about $104,000. Dupont Capital Management Corp boosted its stake in shares of Expedia by 90.9% during the 4th quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock worth $125,000 after purchasing an additional 498 shares during the period. Optimum Investment Advisors purchased a new position in shares of Expedia during the 1st quarter worth about $131,000. Aristotle Atlantic Partners LLC purchased a new position in shares of Expedia during the 4th quarter worth about $207,000. Finally, Hyman Charles D purchased a new position in shares of Expedia during the 4th quarter worth about $216,000. 81.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Expedia opened at $115.67 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.96 and a beta of 1.06. Expedia has a 52-week low of $114.12 and a 52-week high of $116.65.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 24th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.04%. Expedia’s dividend payout ratio is presently 32.26%.

About Expedia

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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Earnings History and Estimates for Expedia (NASDAQ:EXPE)

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