$3.06 billion in sales expected for Expedia Group, Inc. (NASDAQ:EXPE) this quarter
Wall Street analysts expect Expedia Group, Inc. (NASDAQ:EXPE – Get a rating) to report sales of $3.06 billion for the current quarter, Zacks reports. Eight analysts made earnings estimates for Expedia Group. The lowest sales estimate is $2.85 billion and the highest is $3.35 billion. Expedia Group reported sales of $2.11 billion in the same quarter last year, which would indicate a positive growth rate of 45% year over year. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Expedia Group to report annual revenue of $11.76 billion for the current fiscal year, with estimates ranging from $11.18 billion to $12.66 billion. billions of dollars. For next year, analysts expect the company to post sales of $13.77 billion, with estimates ranging from $12.78 billion to $15.18 billion. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Expedia Group.
Expedia Group (NASDAQ: EXPE – Get a rating) last released its quarterly earnings data on Monday, May 2. The online travel agency reported ($0.93) EPS for the quarter, missing analyst consensus estimates of ($0.69) from ($0.24). Expedia Group achieved a net margin of 4.87% and a return on equity of 11.93%. The company posted revenue of $2.25 billion for the quarter, versus a consensus estimate of $2.27 billion. In the same quarter last year, the company made ($2.59) earnings per share.
Several research companies have commented on EXPE. Royal Bank of Canada lowered its target price on Expedia Group shares from $200.00 to $185.00 in a Tuesday, May 3 research note. Redburn Partners upgraded Expedia Group shares from a “neutral” rating to a “buy” rating in a Wednesday, May 18 report. Argus lowered its price target on Expedia Group shares from $240.00 to $220.00 in a Thursday, April 7 report. Mizuho raised its price target on Expedia Group shares from $155.00 to $172.00 in a Tuesday, May 3 report. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Expedia Group shares from $218.00 to $235.00 in a Tuesday, May 3 research note. One equity research analyst gave the stock a sell rating, thirteen gave the company a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $209.40.
In other news, Director Dara Khosrowshahi sold 5,000 shares of the company in a transaction dated Tuesday, March 29. The stock was sold at an average price of $200.00, for a total value of $1,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CAD Lance A. Soliday sold 376 shares of the company in a transaction dated Monday, May 16. The shares were sold at an average price of $124.12, for a total value of $46,669.12. Following the completion of the sale, the accounting director now directly owns 8,949 shares of the company, valued at $1,110,749.88. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 35,376 shares of the company valued at $6,741,869. 5.00% of the shares are currently held by insiders of the company.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXPE. Selective Wealth Management Inc. acquired a new stake in Expedia Group during the 4th quarter for a value of approximately $27,000. Lindbrook Capital LLC increased its position in Expedia Group by 116.7% during the fourth quarter. Lindbrook Capital LLC now owns 156 shares of the online travel company worth $28,000 after acquiring 84 additional shares in the last quarter. MCF Advisors LLC acquired a new position in Expedia Group during Q1 worth approximately $28,000. FNY Investment Advisers LLC acquired a new position in Expedia Group during Q1 worth approximately $29,000. Finally, Ancora Advisors LLC strengthened its position in Expedia Group by 49.7% in the 3rd quarter. Ancora Advisors LLC now owns 214 shares of the online travel company worth $35,000 after acquiring 71 additional shares in the last quarter. 96.08% of the shares are held by institutional investors and hedge funds.
Shares of Expedia Group opened at $123.73 on Thursday. The company has a debt ratio of 2.16, a quick ratio of 0.89 and a current ratio of 0.89. Expedia Group has a 1-year minimum of $115.76 and a 1-year maximum of $217.72. The company’s 50-day moving average is $167.67 and its 200-day moving average is $176.04. The company has a market capitalization of $19.44 billion, a P/E ratio of 106.66, a PEG ratio of 1.68 and a beta of 1.51.
Expedia Group Company Profile (Get a rating)
Expedia Group, Inc. operates as an online travel agency in the United States and internationally. The Company operates through Retail, B2B and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for the marketing and distribution of accommodation; Vrbo, an online marketplace for alternative accommodation; Orbitz, Travelocity and CheapTickets travel websites; ebookers, an EMEA online travel agency offering travelers a range of travel options; Hotwire, which offers travel reservation services; CarRentals.com, an online car rental reservation service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, an advice provider for travelers booking cruises.
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