Wall Street analysts expect Expedia Group Inc (NASDAQ:EXPE) to announce $2.55 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Expedia Group’s earnings. The lowest sales estimate is $2.47 billion and the highest is $2.61 billion. Expedia Group posted sales of $2.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The business is expected to report its next earnings report on Thursday, February 14th.
According to Zacks, analysts expect that Expedia Group will report full year sales of $11.21 billion for the current financial year, with estimates ranging from $11.13 billion to $11.32 billion. For the next financial year, analysts forecast that the firm will report sales of $12.41 billion, with estimates ranging from $12.16 billion to $12.79 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Expedia Group.
Expedia Group (NASDAQ:EXPE) last released its quarterly earnings data on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.12 by $0.53. Expedia Group had a net margin of 4.04% and a return on equity of 11.79%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the firm earned $2.51 earnings per share.
EXPE has been the subject of a number of research reports. TheStreet raised shares of Expedia Group from a “c” rating to a “b” rating in a research note on Thursday, October 25th. Deutsche Bank lowered their price objective on shares of Expedia Group from $147.00 to $146.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Oppenheimer set a $155.00 price objective on shares of Expedia Group and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Cowen set a $135.00 price objective on shares of Expedia Group and gave the stock a “buy” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Monday, October 22nd. Eleven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $145.27.
In other Expedia Group news, insider Lance A. Soliday sold 3,281 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $119.28, for a total value of $391,357.68. Following the completion of the transaction, the insider now directly owns 7,674 shares in the company, valued at $915,354.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.96% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Expedia Group by 0.3% during the third quarter. BlackRock Inc. now owns 7,582,766 shares of the online travel company’s stock valued at $989,398,000 after acquiring an additional 20,780 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Expedia Group by 324.7% during the second quarter. Artisan Partners Limited Partnership now owns 5,445,867 shares of the online travel company’s stock valued at $654,539,000 after acquiring an additional 4,163,557 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Expedia Group by 4.7% during the third quarter. TIAA CREF Investment Management LLC now owns 3,379,276 shares of the online travel company’s stock valued at $440,928,000 after acquiring an additional 152,165 shares in the last quarter. Winslow Capital Management LLC increased its holdings in shares of Expedia Group by 25.2% during the third quarter. Winslow Capital Management LLC now owns 1,930,406 shares of the online travel company’s stock valued at $251,880,000 after acquiring an additional 389,022 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Expedia Group by 1.7% during the third quarter. First Trust Advisors LP now owns 1,858,394 shares of the online travel company’s stock valued at $242,483,000 after acquiring an additional 30,761 shares in the last quarter. Hedge funds and other institutional investors own 79.97% of the company’s stock.
NASDAQ:EXPE opened at $118.78 on Thursday. Expedia Group has a 1-year low of $98.52 and a 1-year high of $139.77. The stock has a market capitalization of $18.02 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 1.61 and a beta of 1.18. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. Expedia Group’s dividend payout ratio is presently 34.41%.
About Expedia Group
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.
Further Reading: Asset Allocation
Get a free copy of the Zacks research report on Expedia Group (EXPE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Expedia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expedia Group and related companies with MarketBeat.com's FREE daily email newsletter.