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

Expedia Group, Inc. (NASDAQ:EXPE) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 27th will be paid a dividend of 0.48 per share by the online travel company on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th.

Expedia Group has raised its dividend payment 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. Research analysts expect Expedia Group to earn $19.78 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 9.7%.

Expedia Group Price Performance

Shares of NASDAQ:EXPE opened at $319.66 on Thursday. The company has a 50 day moving average of $257.56 and a 200 day moving average of $243.87. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. The stock has a market cap of $39.17 billion, a P/E ratio of 28.14, a P/E/G ratio of 0.81 and a beta of 1.22. Expedia Group has a 12 month low of $181.58 and a 12 month high of $326.99.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings results on Wednesday, August 5th. The online travel company reported $5.76 EPS for the quarter, beating the consensus estimate of $5.22 by $0.54. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.17 billion. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $4.24 EPS. As a group, sell-side analysts forecast that Expedia Group will post 17.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EXPE has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Expedia Group in a research note on Monday, July 20th. Wedbush started coverage on shares of Expedia Group in a research report on Thursday, July 16th. They set an “outperform” rating and a $334.00 price target for the company. UBS Group upped their price objective on shares of Expedia Group from $262.00 to $322.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Argus boosted their price target on Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Barclays set a $320.00 target price on Expedia Group in a research note on Thursday. Seventeen research analysts have rated the stock with a Buy rating and twenty-two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $297.39.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third?party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.