-$0.34 EPS Expected for Expedia Group Inc (EXPE) This Quarter
Wall Street brokerages predict that Expedia Group Inc (NASDAQ:EXPE) will post earnings of ($0.34) per share for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Expedia Group’s earnings, with estimates ranging from ($0.51) to ($0.17). Expedia Group reported earnings of ($0.36) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The business is scheduled to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Expedia Group will report full year earnings of $7.11 per share for the current financial year, with EPS estimates ranging from $6.69 to $7.81. For the next financial year, analysts anticipate that the company will post earnings of $8.23 per share, with EPS estimates ranging from $7.53 to $9.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Expedia Group.
Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, February 7th. The online travel company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.50. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia Group had a return on equity of 12.96% and a net margin of 3.62%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS.
In other Expedia Group news, insider Mark D. Okerstrom sold 5,531 shares of the stock in a transaction on Monday, February 25th. The stock was sold at an average price of $126.66, for a total transaction of $700,556.46. Following the sale, the insider now owns 70,532 shares in the company, valued at $8,933,583.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dara Khosrowshahi sold 50,000 shares of the stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $125.17, for a total value of $6,258,500.00. Following the sale, the director now owns 462,910 shares in the company, valued at approximately $57,942,444.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,508 shares of company stock worth $15,999,089. Company insiders own 20.96% of the company’s stock.
Several large investors have recently bought and sold shares of EXPE. Advisors Asset Management Inc. raised its position in shares of Expedia Group by 464.8% in the second quarter. Advisors Asset Management Inc. now owns 4,518 shares of the online travel company’s stock worth $543,000 after buying an additional 3,718 shares in the last quarter. FMR LLC raised its position in shares of Expedia Group by 8.9% in the second quarter. FMR LLC now owns 912,950 shares of the online travel company’s stock worth $109,728,000 after buying an additional 74,350 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Expedia Group in the third quarter worth $206,000. Robeco Institutional Asset Management B.V. raised its position in shares of Expedia Group by 875.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,694 shares of the online travel company’s stock worth $2,569,000 after buying an additional 17,676 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Expedia Group by 48.2% in the third quarter. US Bancorp DE now owns 9,258 shares of the online travel company’s stock worth $1,208,000 after buying an additional 3,009 shares in the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.
Shares of EXPE stock traded up $0.32 during trading on Thursday, hitting $120.80. The company’s stock had a trading volume of 1,088,500 shares, compared to its average volume of 1,600,686. The firm has a market cap of $17.74 billion, a PE ratio of 25.11, a P/E/G ratio of 1.51 and a beta of 0.94. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.66. Expedia Group has a 52 week low of $104.16 and a 52 week high of $139.77.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. Expedia Group’s dividend payout ratio is currently 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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