Analysts Expect Expedia Group Inc (EXPE) to Announce $1.70 Earnings Per Share

Wall Street brokerages forecast that Expedia Group Inc (NASDAQ:EXPE) will announce $1.70 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Expedia Group’s earnings, with the highest EPS estimate coming in at $1.96 and the lowest estimate coming in at $1.46. Expedia Group reported earnings of $1.38 per share during the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Expedia Group will report full-year earnings of $6.95 per share for the current fiscal year, with EPS estimates ranging from $6.06 to $7.69. For the next financial year, analysts forecast that the business will post earnings of $8.16 per share, with EPS estimates ranging from $6.94 to $8.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Expedia Group.

Expedia Group (NASDAQ:EXPE) last issued its quarterly earnings results on Thursday, May 2nd. The online travel company reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.34. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.69 billion. Expedia Group had a return on equity of 13.41% and a net margin of 3.89%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.36) earnings per share.

A number of brokerages recently issued reports on EXPE. BidaskClub raised Expedia Group from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Needham & Company LLC began coverage on Expedia Group in a research report on Monday, May 20th. They set a “hold” rating on the stock. Piper Jaffray Companies reduced their price target on Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Susquehanna Bancshares reissued a “neutral” rating and set a $141.00 price target (down previously from $170.00) on shares of Expedia Group in a research report on Monday, May 6th. Finally, Argus downgraded Expedia Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $145.55.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Expedia Group by 3.3% in the 4th quarter. BlackRock Inc. now owns 7,832,787 shares of the online travel company’s stock valued at $882,363,000 after purchasing an additional 250,021 shares in the last quarter. Alta Capital Management LLC lifted its stake in shares of Expedia Group by 40.5% in the 1st quarter. Alta Capital Management LLC now owns 272,644 shares of the online travel company’s stock valued at $32,444,000 after acquiring an additional 78,604 shares during the last quarter. Mondrian Capital Management LLC bought a new position in shares of Expedia Group in the 4th quarter valued at $2,816,000. Redpoint Investment Management Pty Ltd lifted its stake in shares of Expedia Group by 367.8% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 10,666 shares of the online travel company’s stock valued at $1,202,000 after acquiring an additional 8,386 shares during the last quarter. Finally, Optimum Investment Advisors lifted its stake in shares of Expedia Group by 8.4% in the 4th quarter. Optimum Investment Advisors now owns 1,290 shares of the online travel company’s stock valued at $145,000 after acquiring an additional 100 shares during the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:EXPE opened at $120.57 on Thursday. The company has a market cap of $17.68 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.70 and a beta of 1.01. Expedia Group has a 1 year low of $108.11 and a 1 year high of $139.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 23rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, May 22nd. Expedia Group’s dividend 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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