Wall Street analysts forecast that Expedia Group Inc (NASDAQ:EXPE) will post $3.14 billion in sales for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Expedia Group’s earnings, with estimates ranging from $3.04 billion to $3.25 billion. Expedia Group reported sales of $2.88 billion during the same quarter last year, which would suggest a positive year over year growth rate of 9%. The firm is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Expedia Group will report full year sales of $12.12 billion for the current year, with estimates ranging from $11.77 billion to $12.33 billion. For the next fiscal year, analysts forecast that the business will report sales of $13.32 billion, with estimates ranging from $12.69 billion to $13.60 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Expedia Group.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.34. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the company earned ($0.36) earnings per share. The company’s revenue was up 4.0% on a year-over-year basis.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Barclays reaffirmed a “buy” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Monday, May 6th. BidaskClub cut Expedia Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $141.00 price objective (down from $170.00) on shares of Expedia Group in a research report on Monday, May 6th. Finally, Piper Jaffray Companies dropped their price objective on Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $146.90.

Shares of NASDAQ:EXPE opened at $119.14 on Thursday. Expedia Group has a 1-year low of $108.11 and a 1-year high of $139.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.74. The firm has a market cap of $17.19 billion, a PE ratio of 24.77, a P/E/G ratio of 1.65 and a beta of 0.96.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.07%. Expedia Group’s payout ratio is 26.61%.

In other news, insider Mark D. Okerstrom sold 5,531 shares of Expedia Group stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $127.26, for a total transaction of $703,875.06. Following the transaction, the insider now directly owns 69,094 shares of the company’s stock, valued at approximately $8,792,902.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lance A. Soliday sold 1,635 shares of Expedia Group stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $124.56, for a total value of $203,655.60. Following the transaction, the chief accounting officer now directly owns 6,644 shares in the company, valued at $827,576.64. The disclosure for this sale can be found here. Insiders sold 18,228 shares of company stock worth $2,319,650 over the last three months. Insiders own 20.96% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Burney Co. lifted its position in shares of Expedia Group by 0.5% during the 4th quarter. Burney Co. now owns 15,451 shares of the online travel company’s stock valued at $1,741,000 after buying an additional 81 shares in the last quarter. Optimum Investment Advisors raised its stake in Expedia Group by 8.4% during the 4th quarter. Optimum Investment Advisors now owns 1,290 shares of the online travel company’s stock valued at $145,000 after purchasing an additional 100 shares during the period. Westpac Banking Corp raised its stake in Expedia Group by 0.3% during the 4th quarter. Westpac Banking Corp now owns 39,603 shares of the online travel company’s stock valued at $4,461,000 after purchasing an additional 100 shares during the period. Pettyjohn Wood & White Inc. raised its stake in Expedia Group by 0.9% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 11,806 shares of the online travel company’s stock valued at $1,405,000 after purchasing an additional 100 shares during the period. Finally, Duncker Streett & Co. Inc. raised its stake in Expedia Group by 2.8% during the 1st quarter. Duncker Streett & Co. Inc. now owns 3,670 shares of the online travel company’s stock valued at $437,000 after purchasing an additional 100 shares during the period. 80.53% of the stock is currently owned by hedge funds and other institutional investors.

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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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Earnings History and Estimates for Expedia Group (NASDAQ:EXPE)

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