Analysts Expect Expedia, Inc. (NASDAQ:EXPE) to Announce $0.61 Earnings Per Share
Analysts expect that Expedia, Inc. (NASDAQ:EXPE) will report $0.61 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Expedia’s earnings. The lowest EPS estimate is $0.46 and the highest is $0.75. Expedia reported earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 52.5%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Expedia will report full-year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.00 to $4.38. For the next financial year, analysts forecast that the company will post earnings of $5.69 per share, with EPS estimates ranging from $5.15 to $6.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Expedia.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, April 27th. The online travel company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.15. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Expedia had a net margin of 3.36% and a return on equity of 11.01%. Expedia’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS.
EXPE has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $145.00 price target on shares of Expedia in a research report on Friday, March 17th. Credit Suisse Group reiterated a “buy” rating and issued a $147.00 price target on shares of Expedia in a research report on Wednesday, April 5th. JMP Securities reiterated an “outperform” rating and issued a $155.00 price target (up from $142.00) on shares of Expedia in a research report on Tuesday, May 2nd. Needham & Company LLC increased their price target on shares of Expedia from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $165.00 price target on shares of Expedia in a research report on Friday, April 28th. Eight research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $150.21.
Expedia (EXPE) traded up 0.37% during midday trading on Thursday, hitting $152.90. 1,005,078 shares of the company were exchanged. The stock has a market capitalization of $23.08 billion, a price-to-earnings ratio of 77.61 and a beta of 0.93. The stock has a 50 day moving average of $145.84 and a 200-day moving average of $129.59. Expedia has a 1-year low of $105.62 and a 1-year high of $156.39.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, May 25th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. Expedia’s dividend payout ratio is presently 57.14%.
In related news, Director Craig A. Jacobson sold 3,000 shares of Expedia stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $139.95, for a total transaction of $419,850.00. Following the completion of the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at approximately $4,267,915.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of Expedia 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 transaction, the insider now directly owns 4,815 shares of the company’s stock, valued at $685,174.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,043 shares of company stock valued at $5,330,777. 20.95% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Edge Wealth Management LLC purchased a new position in Expedia during the first quarter worth approximately $126,000. State of Alaska Department of Revenue purchased a new position in Expedia during the first quarter worth approximately $146,000. Point72 Asia Hong Kong Ltd boosted its position in Expedia by 6,905.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,261 shares of the online travel company’s stock worth $159,000 after buying an additional 1,243 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Expedia by 66.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,494 shares of the online travel company’s stock worth $188,000 after buying an additional 594 shares in the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.
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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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