Expedia Group Inc (NASDAQ:EXPE) Expected to Announce Earnings of $3.87 Per Share
Brokerages forecast that Expedia Group Inc (NASDAQ:EXPE) will report earnings of $3.87 per share for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Expedia Group’s earnings. The highest EPS estimate is $4.25 and the lowest is $3.66. Expedia Group posted earnings per share of $3.65 in the same quarter last year, which suggests a positive year over year growth rate of 6%. The business is expected to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Expedia Group will report full year earnings of $6.95 per share for the current financial year, with EPS estimates ranging from $6.59 to $7.58. For the next year, analysts anticipate that the firm will post earnings of $8.22 per share, with EPS estimates ranging from $7.81 to $8.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Expedia Group.
Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share.
In other Expedia Group news, Director Susan C. Athey sold 2,425 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total transaction of $326,380.75. Following the completion of the transaction, the director now owns 1,462 shares in the company, valued at $196,770.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,300 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $130.53, for a total transaction of $430,749.00. Following the transaction, the director now owns 30,480 shares of the company’s stock, valued at approximately $3,978,554.40. The disclosure for this sale can be found here. 20.96% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. bought a new position in shares of Expedia Group in the second quarter valued at approximately $871,000. Wesbanco Bank Inc. boosted its position in shares of Expedia Group by 31.2% in the second quarter. Wesbanco Bank Inc. now owns 42,042 shares of the online travel company’s stock valued at $5,593,000 after acquiring an additional 10,000 shares during the period. BlackRock Inc. boosted its position in shares of Expedia Group by 5.2% in the second quarter. BlackRock Inc. now owns 8,223,670 shares of the online travel company’s stock valued at $1,093,995,000 after acquiring an additional 407,604 shares during the period. RMB Capital Management LLC bought a new position in shares of Expedia Group in the second quarter valued at approximately $273,000. Finally, US Bancorp DE boosted its position in shares of Expedia Group by 8.1% in the second quarter. US Bancorp DE now owns 18,167 shares of the online travel company’s stock valued at $2,417,000 after acquiring an additional 1,368 shares during the period. Hedge funds and other institutional investors own 80.73% of the company’s stock.
Shares of EXPE stock traded up $1.13 on Tuesday, hitting $129.15. The stock had a trading volume of 1,109,387 shares, compared to its average volume of 1,637,140. The company’s 50 day moving average is $133.22. The company has a market cap of $19.29 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 0.76. Expedia Group has a 12-month low of $108.11 and a 12-month high of $144.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 22nd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 21st. This is an increase from Expedia Group’s previous quarterly dividend of $0.32. Expedia Group’s dividend payout ratio (DPR) is 26.61%.
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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