Equities analysts forecast that Expedia, Inc. (NASDAQ:EXPE) will post sales of $2.54 billion for the current quarter, according to Zacks. Seven analysts have provided estimates for Expedia’s earnings, with the lowest sales estimate coming in at $2.50 billion and the highest estimate coming in at $2.60 billion. Expedia reported sales of $2.20 billion in the same quarter last year, which would suggest a positive year over year growth rate of 15.5%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Expedia will report full year sales of $2.54 billion for the current fiscal year, with estimates ranging from $9.96 billion to $10.29 billion. For the next year, analysts forecast that the firm will report sales of $11.45 billion per share, with estimates ranging from $11.26 billion to $11.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Expedia.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.15. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share.
Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Expedia from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $170.00 price target (up previously from $135.00) on shares of Expedia in a research report on Tuesday. Credit Suisse Group set a $151.00 price target on shares of Expedia and gave the stock a “buy” rating in a research report on Sunday, April 30th. Argus started coverage on shares of Expedia in a research report on Wednesday, July 5th. They set a “buy” rating and a $178.00 price target for the company. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of Expedia in a research report on Monday, June 26th. Eight research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $151.17.
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Expedia (EXPE) traded up 0.34% on Friday, hitting $153.25. 697,472 shares of the stock traded hands. Expedia has a 12-month low of $105.62 and a 12-month high of $156.39. The stock has a market cap of $23.13 billion, a P/E ratio of 77.79 and a beta of 0.93. The stock has a 50-day moving average price of $145.84 and a 200 day moving average price of $129.59.
In related news, Director Susan C. Athey sold 670 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $138.59, for a total value of $92,855.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lance A. Soliday sold 2,544 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $142.30, for a total transaction of $362,011.20. Following the completion of the transaction, the insider now owns 4,815 shares of the company’s stock, valued at approximately $685,174.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,043 shares of company stock valued at $5,330,777. 20.88% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EXPE. Vanguard Group Inc. raised its position in shares of Expedia by 3.0% in the first quarter. Vanguard Group Inc. now owns 11,616,561 shares of the online travel company’s stock worth $1,465,661,000 after buying an additional 342,485 shares during the period. BlackRock Inc. raised its position in shares of Expedia by 3,458.6% in the first quarter. BlackRock Inc. now owns 7,832,689 shares of the online travel company’s stock worth $988,252,000 after buying an additional 7,612,585 shares during the period. Wellington Management Group LLP raised its position in shares of Expedia by 14.6% in the first quarter. Wellington Management Group LLP now owns 6,000,184 shares of the online travel company’s stock worth $757,042,000 after buying an additional 764,343 shares during the period. Jennison Associates LLC raised its position in shares of Expedia by 39.9% in the first quarter. Jennison Associates LLC now owns 3,397,821 shares of the online travel company’s stock worth $428,703,000 after buying an additional 968,772 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Expedia by 30.4% in the first quarter. Ameriprise Financial Inc. now owns 2,312,604 shares of the online travel company’s stock worth $291,782,000 after buying an additional 539,205 shares during the period. Institutional investors and hedge funds own 80.87% of the company’s stock.
About Expedia
Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.
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