Zacks: Analysts Expect Expedia, Inc. (EXPE) to Post $2.61 Earnings Per Share
Equities analysts expect Expedia, Inc. (NASDAQ:EXPE) to announce earnings per share (EPS) of $2.61 for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Expedia’s earnings, with the lowest EPS estimate coming in at $2.16 and the highest estimate coming in at $2.81. Expedia reported earnings of $2.41 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is scheduled to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Expedia will report full year earnings of $4.99 per share for the current year, with EPS estimates ranging from $4.46 to $5.45. For the next financial year, analysts anticipate that the firm will post earnings of $6.66 per share, with EPS estimates ranging from $6.01 to $7.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Expedia.
Expedia (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) 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 business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the company posted $0.83 EPS. Expedia’s revenue for the quarter was up 17.8% on a year-over-year basis.
Several equities research analysts have recently weighed in on the stock. Bank of America Corporation reissued a “buy” rating and issued a $178.00 target price (down previously from $187.00) on shares of Expedia in a research note on Tuesday, September 26th. BidaskClub lowered shares of Expedia from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Expedia in a research note on Thursday. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, UBS AG reiterated a “buy” rating and set a $170.00 price target (down from $178.00) on shares of Expedia in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $163.26.
Expedia (NASDAQ EXPE) traded up 2.27% during trading on Friday, hitting $147.21. 1,316,826 shares of the company traded hands. The stock has a market capitalization of $22.32 billion, a PE ratio of 69.28 and a beta of 0.93. The company’s 50 day moving average is $146.32 and its 200-day moving average is $141.84. Expedia has a 52 week low of $111.88 and a 52 week high of $161.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This is an increase from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. Expedia’s dividend payout ratio is presently 56.87%.
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In related news, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $150.00, for a total transaction of $1,875,000.00. Following the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,687,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $154.12, for a total value of $13,289,459.36. Following the transaction, the chief executive officer now owns 518,576 shares in the company, valued at $79,922,933.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.88% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Expedia by 3.7% in the second quarter. Vanguard Group Inc. now owns 12,045,217 shares of the online travel company’s stock worth $1,794,135,000 after acquiring an additional 428,656 shares in the last quarter. BlackRock Inc. grew its stake in shares of Expedia by 2.0% during the second quarter. BlackRock Inc. now owns 7,990,536 shares of the online travel company’s stock worth $1,190,191,000 after acquiring an additional 157,847 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Expedia by 14.6% during the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after acquiring an additional 764,343 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Expedia by 17.6% during the second quarter. Jennison Associates LLC now owns 3,998,193 shares of the online travel company’s stock worth $595,531,000 after acquiring an additional 599,037 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Expedia by 4.8% during the second quarter. FMR LLC now owns 2,481,274 shares of the online travel company’s stock worth $369,586,000 after acquiring an additional 112,581 shares during the last quarter. Institutional investors own 84.38% 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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