FY2018 EPS Estimates for Expedia Group Inc (EXPE) Reduced by Oppenheimer

Expedia Group Inc (NASDAQ:EXPE) – Oppenheimer lowered their FY2018 earnings per share (EPS) estimates for Expedia Group in a research report issued on Tuesday, October 23rd. Oppenheimer analyst J. Kelly now expects that the online travel company will post earnings per share of $4.55 for the year, down from their prior forecast of $4.68. Oppenheimer currently has a “Buy” rating and a $155.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada raised their price target on shares of Expedia Group to $163.00 and gave the company an “outperform” rating in a research report on Friday. Barclays cut their target price on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday. BidaskClub raised shares of Expedia Group from a “sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lifted their target price on shares of Expedia Group from $122.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised shares of 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. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $147.91.



Shares of EXPE opened at $120.50 on Thursday. The company has a market cap of $17.73 billion, a P/E ratio of 32.39, a PEG ratio of 1.67 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.67. Expedia Group has a twelve month low of $98.52 and a twelve month high of $139.77.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.12 by $0.53. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.29 billion. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. During the same quarter last year, the firm earned $2.51 earnings per share.

Several hedge funds have recently modified their holdings of EXPE. IMA Wealth Inc. bought a new stake in shares of Expedia Group during the 2nd quarter valued at $105,000. Dupont Capital Management Corp grew its position in shares of Expedia Group by 62.8% during the 2nd quarter. Dupont Capital Management Corp now owns 1,410 shares of the online travel company’s stock valued at $169,000 after acquiring an additional 544 shares during the period. Buckley Wealth Management LLC bought a new stake in shares of Expedia Group during the 3rd quarter valued at $203,000. Hilltop Holdings Inc. bought a new stake in shares of Expedia Group during the 2nd quarter valued at $206,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Expedia Group during the 2nd quarter valued at $208,000. 79.16% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Susan C. Athey sold 1,547 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $133.99, for a total transaction of $207,282.53. Following the completion of the sale, the director now owns 1,974 shares of the company’s stock, valued at approximately $264,496.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,500 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $133.48, for a total transaction of $467,180.00. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,239,858.72. The disclosure for this sale can be found here. Insiders own 20.96% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. Expedia Group’s payout ratio is 34.41%.

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.

Further Reading: How to interpret a stock’s beta number

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

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