Expedia, Inc. to Post Q3 2017 Earnings of $2.44 Per Share, Oppenheimer Holdings Forecasts (NASDAQ:EXPE)
Expedia, Inc. (NASDAQ:EXPE) – Investment analysts at Oppenheimer Holdings dropped their Q3 2017 earnings per share (EPS) estimates for shares of Expedia in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now expects that the online travel company will post earnings per share of $2.44 for the quarter, down from their previous estimate of $2.46. Oppenheimer Holdings currently has a “Outperform” rating on the stock.
Expedia (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.09 earnings per share. Expedia’s revenue was up 15.0% compared to the same quarter last year.
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A number of other research analysts have also issued reports on EXPE. Piper Jaffray Companies restated a “buy” rating and issued a $144.00 target price on shares of Expedia in a report on Wednesday, March 29th. Jefferies Group LLC restated a “hold” rating and issued a $135.00 target price on shares of Expedia in a report on Wednesday, March 29th. Barclays PLC restated an “overweight” rating and issued a $140.00 target price on shares of Expedia in a report on Monday, April 3rd. Credit Suisse Group restated a “buy” rating and issued a $147.00 target price on shares of Expedia in a report on Wednesday, April 5th. Finally, Vetr lowered shares of Expedia from a “buy” rating to a “hold” rating and set a $138.67 target price on the stock. in a report on Monday, April 24th. Eight research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $151.17.
Shares of Expedia (NASDAQ:EXPE) opened at 154.63 on Thursday. The company’s 50-day moving average is $149.35 and its 200 day moving average is $133.22. Expedia has a 52-week low of $105.62 and a 52-week high of $156.39. The firm has a market capitalization of $23.34 billion, a PE ratio of 78.49 and a beta of 0.93.
In related news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total transaction of $92,855.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert J. Dzielak sold 31,829 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $140.00, for a total value of $4,456,060.00. Following the transaction, the executive vice president now owns 33,606 shares in the company, valued at $4,704,840. The disclosure for this sale can be found here. Insiders have sold 38,043 shares of company stock worth $5,330,777 over the last 90 days. 20.95% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Expedia by 0.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 82,807 shares of the online travel company’s stock valued at $9,380,000 after buying an additional 417 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Expedia by 2.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 626,080 shares of the online travel company’s stock worth $70,924,000 after buying an additional 12,156 shares during the last quarter. Kentucky Retirement Systems bought a new stake in Expedia during the fourth quarter worth about $993,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Expedia during the fourth quarter worth about $443,000. Finally, Macquarie Group Ltd. boosted its stake in Expedia by 345.3% in the fourth quarter. Macquarie Group Ltd. now owns 11,800 shares of the online travel company’s stock worth $1,337,000 after buying an additional 9,150 shares during the last quarter. Hedge funds and other institutional investors own 80.87% 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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