Analysts expect that Expedia Group, Inc. (NASDAQ:EXPE) will report $1.97 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Expedia Group’s earnings. The lowest sales estimate is $1.49 billion and the highest is $2.36 billion. Expedia Group reported sales of $566.00 million during the same quarter last year, which indicates a positive year over year growth rate of 248.1%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, August 5th.
On average, analysts expect that Expedia Group will report full-year sales of $8.27 billion for the current fiscal year, with estimates ranging from $7.31 billion to $8.95 billion. For the next year, analysts anticipate that the company will report sales of $11.71 billion, with estimates ranging from $10.67 billion to $13.74 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Expedia Group.
Expedia Group (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, May 6th. The online travel company reported ($2.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.86) by $0.84. Expedia Group had a negative net margin of 44.59% and a negative return on equity of 46.51%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted ($1.83) EPS. The firm’s revenue for the quarter was down 43.6% on a year-over-year basis.
A number of brokerages have weighed in on EXPE. JMP Securities raised their target price on shares of Expedia Group from $185.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, May 7th. Jefferies Financial Group raised their target price on shares of Expedia Group from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, April 13th. UBS Group raised their target price on shares of Expedia Group from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, May 7th. raised their target price on shares of Expedia Group from $160.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, May 12th. Finally, Citigroup raised their price target on shares of Expedia Group from $160.00 to $179.00 in a research note on Wednesday, May 12th. Thirteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Expedia Group has an average rating of “Buy” and a consensus price target of $175.83.
In other news, CAO Lance A. Soliday sold 262 shares of Expedia Group stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $170.13, for a total transaction of $44,574.06. Following the completion of the transaction, the chief accounting officer now directly owns 7,601 shares in the company, valued at $1,293,158.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan C. Athey sold 300 shares of Expedia Group stock in a transaction dated Tuesday, June 15th. The shares were sold at an average price of $169.20, for a total transaction of $50,760.00. Following the transaction, the director now owns 4,153 shares of the company’s stock, valued at $702,687.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,769 shares of company stock valued at $28,818,931. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EXPE. Price T Rowe Associates Inc. MD grew its holdings in shares of Expedia Group by 1,400.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,597,728 shares of the online travel company’s stock valued at $619,241,000 after buying an additional 3,357,964 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Expedia Group by 437.2% during the first quarter. Allianz Asset Management GmbH now owns 1,299,506 shares of the online travel company’s stock worth $223,671,000 after purchasing an additional 1,057,595 shares during the last quarter. Royal Bank of Canada boosted its holdings in Expedia Group by 262.0% during the first quarter. Royal Bank of Canada now owns 1,233,685 shares of the online travel company’s stock worth $212,342,000 after purchasing an additional 892,911 shares during the last quarter. Norges Bank purchased a new position in Expedia Group during the fourth quarter worth about $106,210,000. Finally, Fred Alger Management LLC purchased a new position in Expedia Group during the first quarter worth about $136,068,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Shares of Expedia Group stock opened at $163.73 on Friday. Expedia Group has a fifty-two week low of $76.75 and a fifty-two week high of $187.93. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $24.06 billion, a price-to-earnings ratio of -11.73 and a beta of 1.75. The company has a 50 day moving average of $166.99.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.
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