Expedia Group, Inc. (NASDAQ:EXPE) to Issue Quarterly Dividend of $0.48

Expedia Group, Inc. (NASDAQ:EXPE) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.48 per share by the online travel company on Thursday, December 10th. This represents a $1.92 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, November 18th.

Expedia Group has increased its dividend by an average of 0.4% per year over the last three years. Expedia Group has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Expedia Group to earn $20.46 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 9.4%.

Expedia Group Stock Up 10.5%

EXPE stock opened at $315.88 on Thursday. The stock has a market capitalization of $37.91 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.69 and a beta of 1.39. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.21. Expedia Group has a 12 month low of $185.34 and a 12 month high of $342.00. The firm has a 50-day moving average price of $284.21 and a 200-day moving average price of $259.60.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, November 4th. The online travel company reported $9.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.85 by $0.54. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Expedia Group had a net margin of 12.97% and a return on equity of 87.32%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.57 EPS. As a group, equities research analysts anticipate that Expedia Group will post 17.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Stifel Nicolaus set a $204.00 price target on Expedia Group in a research note on Tuesday. Susquehanna raised their price objective on Expedia Group from $250.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets reissued a “market perform” rating and set a $285.00 price objective on shares of Expedia Group in a report on Friday, August 7th. Finally, Piper Sandler restated a “neutral” rating and set a $325.00 price objective (up from $245.00) on shares of Expedia Group in a research report on Thursday, August 6th. Eighteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $311.58.

Expedia Group Company Profile

Expedia Group, Inc is an online travel company that connects travelers with a broad range of travel products and services. Its offerings include hotel and vacation-rental accommodations, flights, car rentals, cruises, activities, and travel packages. The company serves consumers through its online travel brands and also provides technology, distribution, and marketing solutions to travel suppliers and other business partners.

Expedia Group’s consumer brands include Expedia, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif, ebookers, CheapTickets, Abritel, and FeWo-direkt, among others.