Expedia Group (NASDAQ:EXPE) posted its quarterly earnings data on Wednesday. The online travel company reported ($1.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.58) by ($0.25), RTT News reports. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.13 billion. Expedia Group had a positive return on equity of 9.26% and a negative net margin of 5.43%. Expedia Group’s revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) EPS.
EXPE stock opened at $77.01 on Friday. The stock has a 50-day moving average price of $63.62 and a 200-day moving average price of $92.43. Expedia Group has a 1-year low of $40.76 and a 1-year high of $144.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.85. The firm has a market cap of $11.14 billion, a PE ratio of -16.04 and a beta of 1.54.
A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Expedia Group from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. JMP Securities raised shares of Expedia Group from a “market perform” rating to an “outperform” rating and set a $92.00 target price on the stock in a report on Friday, April 24th. Barclays upped their price target on shares of Expedia Group from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Wolfe Research raised shares of Expedia Group from an “underperform” rating to a “market perform” rating in a research note on Friday, March 27th. Finally, Benchmark dropped their price objective on Expedia Group from $155.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $103.81.
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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