Expedia Group Inc to Post Q2 2019 Earnings of $1.57 Per Share, Oppenheimer Forecasts (EXPE)

Expedia Group Inc (NASDAQ:EXPE) – Oppenheimer increased their Q2 2019 earnings estimates for Expedia Group in a report issued on Sunday, April 28th, Zacks Investment Research reports. Oppenheimer analyst J. Kelly now forecasts that the online travel company will post earnings of $1.57 per share for the quarter, up from their previous estimate of $1.49. Oppenheimer also issued estimates for Expedia Group’s Q3 2019 earnings at $3.71 EPS, Q4 2019 earnings at $1.33 EPS, FY2019 earnings at $6.17 EPS and FY2020 earnings at $7.26 EPS.

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

EXPE has been the subject of several other research reports. Zacks Investment Research cut Expedia Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Piper Jaffray Companies lowered their price target on Expedia Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Barclays restated a “buy” rating and set a $145.00 price target on shares of Expedia Group in a research note on Monday, May 6th. BidaskClub lowered Expedia Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Finally, Bank of America restated a “buy” rating and set a $148.00 price target (up from $142.00) on shares of Expedia Group in a research note on Tuesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. Expedia Group currently has an average rating of “Buy” and a consensus target price of $146.90.

Shares of NASDAQ EXPE traded down $0.77 during trading hours on Tuesday, hitting $116.71. 867,574 shares of the company’s stock were exchanged, compared to its average volume of 1,625,785. 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 stock has a market capitalization of $17.18 billion, a PE ratio of 24.26, a P/E/G ratio of 1.64 and a beta of 0.96.

Several hedge funds have recently added to or reduced their stakes in EXPE. Bank of New York Mellon Corp grew its position in Expedia Group by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 985,000 shares of the online travel company’s stock worth $128,524,000 after acquiring an additional 19,603 shares during the last quarter. LPL Financial LLC grew its position in Expedia Group by 27.0% during the 3rd quarter. LPL Financial LLC now owns 6,885 shares of the online travel company’s stock worth $898,000 after acquiring an additional 1,462 shares during the last quarter. Advisors Asset Management Inc. grew its position in Expedia Group by 41.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,372 shares of the online travel company’s stock worth $831,000 after acquiring an additional 1,854 shares during the last quarter. Mackenzie Financial Corp grew its position in Expedia Group by 79.5% during the 3rd quarter. Mackenzie Financial Corp now owns 6,208 shares of the online travel company’s stock worth $810,000 after acquiring an additional 2,749 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new stake in Expedia Group during the 3rd quarter worth approximately $592,000. Institutional investors own 80.53% of the company’s stock.

In other news, insider Mark D. Okerstrom sold 5,531 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $126.66, for a total value of $700,556.46. Following the sale, the insider now directly owns 70,532 shares in the company, valued at approximately $8,933,583.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.96% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 23rd will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.10%. Expedia Group’s dividend payout ratio is currently 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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