Brokerages Expect Expedia Group Inc (EXPE) Will Post Quarterly Sales of $3.30 Billion

Equities research analysts expect Expedia Group Inc (NASDAQ:EXPE) to post $3.30 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for Expedia Group’s earnings, with estimates ranging from $3.15 billion to $3.36 billion. Expedia Group reported sales of $2.97 billion during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is expected to report its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Expedia Group will report full-year sales of $11.26 billion for the current financial year, with estimates ranging from $11.04 billion to $11.39 billion. For the next year, analysts expect that the business will report sales of $12.56 billion per share, with estimates ranging from $12.22 billion to $12.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, July 26th. The online travel company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.83. Expedia Group had a return on equity of 9.48% and a net margin of 2.54%. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Expedia Group’s revenue for the quarter was up 11.4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 30th. MKM Partners increased their price objective on Expedia Group to $122.00 and gave the company a “neutral” rating in a research report on Monday, April 30th. Wedbush raised their target price on Expedia Group from $117.00 to $133.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Zacks Investment Research raised Expedia Group from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Wednesday, August 1st. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Expedia Group in a research report on Monday, July 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $150.06.

In other Expedia Group news, Director Susan C. Athey sold 1,547 shares of Expedia Group stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the transaction, the director now directly owns 1,974 shares of the company’s stock, valued at $264,496.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lance A. Soliday sold 3,269 shares of Expedia Group stock in a transaction on Friday, July 27th. The shares were sold at an average price of $138.07, for a total value of $451,350.83. Following the transaction, the insider now directly owns 7,143 shares of the company’s stock, valued at $986,234.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,316 shares of company stock valued at $1,125,813. Company insiders own 20.96% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marcus Capital LLC lifted its holdings in shares of Expedia Group by 6.5% during the second quarter. Marcus Capital LLC now owns 6,150 shares of the online travel company’s stock valued at $739,000 after acquiring an additional 375 shares during the period. Boyd Watterson Asset Management LLC OH increased its stake in shares of Expedia Group by 10.1% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 12,211 shares of the online travel company’s stock valued at $1,468,000 after buying an additional 1,125 shares in the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Expedia Group in the second quarter valued at $1,477,000. Aperio Group LLC increased its stake in shares of Expedia Group by 9.8% in the second quarter. Aperio Group LLC now owns 58,027 shares of the online travel company’s stock valued at $6,974,000 after buying an additional 5,180 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Expedia Group in the second quarter valued at $82,965,000. 80.23% of the stock is owned by institutional investors.

Shares of EXPE traded down $0.50 during mid-day trading on Monday, hitting $131.20. The company’s stock had a trading volume of 1,016,600 shares, compared to its average volume of 2,061,915. Expedia Group has a one year low of $98.52 and a one year high of $154.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $19.73 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 1.86 and a beta of 1.37.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 23rd will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 22nd. This is a boost from Expedia Group’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.98%. Expedia Group’s dividend payout ratio (DPR) is presently 32.26%.

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.

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