Expedia Group Inc (EXPE) Expected to Post Quarterly Sales of $3.30 Billion

Analysts predict that Expedia Group Inc (NASDAQ:EXPE) will report sales of $3.30 billion for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Expedia Group’s earnings, with the lowest sales estimate coming in at $3.15 billion and the highest estimate coming in at $3.36 billion. Expedia Group posted sales of $2.97 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.1%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Expedia Group will report full-year sales of $11.26 billion for the current year, with estimates ranging from $11.04 billion to $11.39 billion. For the next financial year, analysts forecast that the company will report sales of $12.53 billion, with estimates ranging from $12.22 billion to $12.84 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Expedia Group.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, July 26th. The online travel company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.83. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.88 billion. Expedia Group had a net margin of 2.54% and a return on equity of 9.48%. Expedia Group’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS.

A number of equities research analysts have weighed in on EXPE shares. Guggenheim reissued a “buy” rating and issued a $160.00 price target on shares of Expedia Group in a report on Friday, July 27th. Credit Suisse Group upped their price target on shares of Expedia Group from $135.00 to $160.00 and gave the company a “buy” rating in a report on Friday, July 27th. Cowen set a $155.00 price target on shares of Expedia Group and gave the company a “buy” rating in a report on Friday, July 27th. DA Davidson set a $160.00 price target on shares of Expedia Group and gave the company a “buy” rating in a report on Friday, July 27th. Finally, KeyCorp upped their price target on shares of Expedia Group from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $147.87.

In other Expedia Group news, Director Craig A. Jacobson sold 3,500 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $133.48, for a total transaction of $467,180.00. Following the transaction, the director now owns 31,764 shares in the company, valued at $4,239,858.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lance A. Soliday sold 3,269 shares of the stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $138.07, for a total value of $451,350.83. Following the transaction, the insider now owns 7,143 shares in the company, valued at approximately $986,234.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,316 shares of company stock worth $1,125,813. Corporate insiders own 20.96% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Mizuho Securities USA LLC acquired a new position in Expedia Group during the third quarter valued at approximately $300,000. Aperio Group LLC grew its holdings in Expedia Group by 8.8% during the third quarter. Aperio Group LLC now owns 63,116 shares of the online travel company’s stock valued at $8,235,000 after purchasing an additional 5,089 shares during the last quarter. BB&T Corp grew its holdings in Expedia Group by 83.9% during the third quarter. BB&T Corp now owns 7,185 shares of the online travel company’s stock valued at $938,000 after purchasing an additional 3,278 shares during the last quarter. Alta Capital Management LLC grew its holdings in Expedia Group by 4.8% during the third quarter. Alta Capital Management LLC now owns 207,421 shares of the online travel company’s stock valued at $27,064,000 after purchasing an additional 9,479 shares during the last quarter. Finally, Andra AP fonden grew its holdings in Expedia Group by 21.1% during the third quarter. Andra AP fonden now owns 21,800 shares of the online travel company’s stock valued at $2,844,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors own 79.18% of the company’s stock.

Shares of EXPE opened at $118.32 on Friday. Expedia Group has a 52-week low of $98.52 and a 52-week high of $154.24. 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 stock has a market capitalization of $18.03 billion, a P/E ratio of 31.81, a P/E/G ratio of 1.70 and a beta of 1.34.

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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

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

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