Brokerages Expect Expedia Group Inc (EXPE) Will Announce Quarterly Sales of $2.58 Billion

Brokerages expect that Expedia Group Inc (NASDAQ:EXPE) will report sales of $2.58 billion for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Expedia Group’s earnings, with the lowest sales estimate coming in at $2.48 billion and the highest estimate coming in at $2.68 billion. Expedia Group reported sales of $2.32 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The company is expected to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Expedia Group will report full-year sales of $11.25 billion for the current fiscal year, with estimates ranging from $11.04 billion to $11.39 billion. For the next year, analysts anticipate that the company will post sales of $12.53 billion, with estimates ranging from $12.22 billion to $12.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Expedia Group.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, October 25th. The online travel company reported $3.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.12 by $0.53. Expedia Group had a return on equity of 11.84% and a net margin of 4.04%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business earned $2.51 earnings per share.



Several research analysts have issued reports on EXPE shares. TheStreet upgraded Expedia Group from a “c” rating to a “b” rating in a research report on Thursday. Guggenheim restated a “buy” rating and set a $160.00 target price on shares of Expedia Group in a research report on Friday, July 27th. Credit Suisse Group boosted their target price on Expedia Group from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Cowen set a $155.00 target price on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, DA Davidson set a $160.00 target price on Expedia Group and gave the company a “buy” rating in a research report on Friday, July 27th. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $147.91.

Shares of NASDAQ:EXPE traded up $2.93 during trading hours on Friday, hitting $120.50. 5,644,703 shares of the company’s stock traded hands, compared to its average volume of 1,772,802. Expedia Group has a 1 year low of $98.52 and a 1 year high of $139.77. The firm has a market capitalization of $17.59 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.74 and a quick ratio of 0.74.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be issued a $0.32 dividend. 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%.

In related news, Director Craig A. Jacobson sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $133.48, for a total value of $467,180.00. Following the completion of the sale, the director now owns 31,764 shares in the company, valued at $4,239,858.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Athey sold 1,547 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $133.99, for a total value 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 disclosure for this sale can be found here. 20.96% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. raised its stake in Expedia Group by 25.1% in the third quarter. Oppenheimer & Co. Inc. now owns 11,377 shares of the online travel company’s stock worth $1,485,000 after buying an additional 2,284 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in Expedia Group by 26.6% in the third quarter. Osborne Partners Capital Management LLC now owns 52,952 shares of the online travel company’s stock worth $6,909,000 after buying an additional 11,115 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Expedia Group by 26.2% in the third quarter. Russell Investments Group Ltd. now owns 174,961 shares of the online travel company’s stock worth $22,944,000 after buying an additional 36,345 shares in the last quarter. Buckley Wealth Management LLC bought a new position in Expedia Group in the third quarter worth approximately $203,000. Finally, Alps Advisors Inc. bought a new position in Expedia Group in the third quarter worth approximately $2,241,000. 79.16% of the stock is owned by 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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

See Also: Price to Earnings Ratio (PE) Basics

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