Expedia Group Inc (NASDAQ:EXPE) Expected to Announce Quarterly Sales of $3.58 Billion

Brokerages expect that Expedia Group Inc (NASDAQ:EXPE) will post $3.58 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Expedia Group’s earnings. The highest sales estimate is $3.64 billion and the lowest is $3.53 billion. Expedia Group posted sales of $3.28 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Expedia Group will report full year sales of $12.15 billion for the current year, with estimates ranging from $12.00 billion to $12.28 billion. For the next financial year, analysts forecast that the firm will report sales of $13.37 billion, with estimates ranging from $12.96 billion to $13.60 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings data on Thursday, July 25th. The online travel company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. Expedia Group had a net margin of 5.36% and a return on equity of 14.20%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS.

Several research firms have recently issued reports on EXPE. Argus raised shares of Expedia Group from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Wednesday, July 31st. Barclays reiterated a “buy” rating and set a $145.00 price objective on shares of Expedia Group in a research report on Monday, May 6th. BidaskClub cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Oppenheimer set a $160.00 price objective on shares of Expedia Group and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada increased their price objective on shares of Expedia Group to $177.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Expedia Group currently has an average rating of “Buy” and a consensus target price of $152.43.

In other news, Director Susan C. Athey sold 2,425 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $134.59, for a total value of $326,380.75. Following the completion of the sale, the director now directly owns 1,462 shares in the company, valued at approximately $196,770.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $130.53, for a total transaction of $430,749.00. Following the completion of the sale, the director now owns 30,480 shares of the company’s stock, valued at $3,978,554.40. The disclosure for this sale can be found here. Insiders own 20.96% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EXPE. Alta Capital Management LLC grew its holdings in shares of Expedia Group by 40.5% in the first quarter. Alta Capital Management LLC now owns 272,644 shares of the online travel company’s stock valued at $32,444,000 after purchasing an additional 78,604 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Expedia Group by 0.9% in the first quarter. MML Investors Services LLC now owns 12,262 shares of the online travel company’s stock valued at $1,459,000 after acquiring an additional 109 shares in the last quarter. Greencape Capital Pty Ltd grew its stake in Expedia Group by 0.9% in the first quarter. Greencape Capital Pty Ltd now owns 189,821 shares of the online travel company’s stock valued at $22,589,000 after purchasing an additional 1,600 shares during the last quarter. Riverhead Capital Management LLC grew its stake in Expedia Group by 310.2% in the first quarter. Riverhead Capital Management LLC now owns 16,662 shares of the online travel company’s stock valued at $1,983,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Fiera Capital Corp grew its stake in Expedia Group by 15.3% in the first quarter. Fiera Capital Corp now owns 9,335 shares of the online travel company’s stock valued at $1,111,000 after purchasing an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 77.09% of the company’s stock.

Shares of EXPE stock traded down $0.19 during trading hours on Thursday, hitting $130.61. 77,883 shares of the company’s stock traded hands, compared to its average volume of 2,246,573. The stock’s 50 day simple moving average is $132.84 and its 200 day simple moving average is $125.94. The stock has a market cap of $19.24 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. Expedia Group has a 12 month low of $108.11 and a 12 month high of $144.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 22nd will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Expedia Group’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 21st. Expedia Group’s payout ratio is presently 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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