Zacks: Analysts Anticipate Expedia Group Inc (NASDAQ:EXPE) Will Announce Quarterly Sales of $3.14 Billion

Equities research analysts expect Expedia Group Inc (NASDAQ:EXPE) to announce sales of $3.14 billion for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Expedia Group’s earnings, with the lowest sales estimate coming in at $3.04 billion and the highest estimate coming in at $3.25 billion. Expedia Group reported sales of $2.88 billion during the same quarter last year, which indicates a positive year over year growth rate of 9%. The firm is scheduled to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Expedia Group will report full year sales of $12.12 billion for the current year, with estimates ranging from $11.77 billion to $12.33 billion. For the next year, analysts forecast that the firm will post sales of $13.32 billion, with estimates ranging from $12.69 billion to $13.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.34. Expedia Group had a net margin of 3.89% and a return on equity of 13.41%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the company earned ($0.36) EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

A number of research firms recently issued reports on EXPE. BidaskClub raised shares of Expedia Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Piper Jaffray Companies dropped their price target on shares of Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Telsey Advisory Group set a $125.00 price target on shares of Expedia Group and gave the company a “hold” rating in a research note on Friday, May 3rd. Barclays reissued a “buy” rating and issued a $145.00 price target on shares of Expedia Group in a research note on Monday, May 6th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $141.00 price target (down previously from $170.00) on shares of Expedia Group in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Expedia Group presently has a consensus rating of “Buy” and an average target price of $145.55.

Expedia Group stock traded up $1.18 during trading on Friday, reaching $126.81. The company had a trading volume of 1,631,360 shares, compared to its average volume of 1,477,427. Expedia Group has a 1-year low of $108.11 and a 1-year high of $139.77. The stock has a market capitalization of $18.49 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 0.72.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.01%. Expedia Group’s dividend payout ratio (DPR) is presently 26.61%.

A number of institutional investors and hedge funds have recently made changes to their positions in EXPE. Norges Bank acquired a new stake in Expedia Group during the 4th quarter worth $117,112,000. Artisan Partners Limited Partnership boosted its position in shares of Expedia Group by 14.8% during the 1st quarter. Artisan Partners Limited Partnership now owns 6,683,552 shares of the online travel company’s stock valued at $795,343,000 after acquiring an additional 860,708 shares during the last quarter. Boston Partners boosted its position in shares of Expedia Group by 72.6% during the 4th quarter. Boston Partners now owns 1,321,220 shares of the online travel company’s stock valued at $148,835,000 after acquiring an additional 555,640 shares during the last quarter. AJO LP acquired a new position in shares of Expedia Group during the 1st quarter valued at about $58,408,000. Finally, Standard Life Aberdeen plc boosted its position in shares of Expedia Group by 167.0% during the 4th quarter. Standard Life Aberdeen plc now owns 549,745 shares of the online travel company’s stock valued at $62,875,000 after acquiring an additional 343,814 shares during the last quarter. 82.10% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

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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