$2.36 Billion in Sales Expected for Expedia, Inc. (EXPE) This Quarter

Equities research analysts forecast that Expedia, Inc. (NASDAQ:EXPE) will report sales of $2.36 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Expedia’s earnings, with the lowest sales estimate coming in at $2.32 billion and the highest estimate coming in at $2.42 billion. Expedia posted sales of $2.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The business is expected to report its next earnings report on Thursday, February 8th.

On average, analysts expect that Expedia will report full year sales of $2.36 billion for the current year, with estimates ranging from $10.03 billion to $10.26 billion. For the next financial year, analysts expect that the company will report sales of $11.37 billion per share, with estimates ranging from $10.92 billion to $11.89 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Expedia.

Expedia (NASDAQ:EXPE) last posted its quarterly earnings results on Thursday, October 26th. The online travel company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.61 by ($0.10). The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.98 billion. Expedia had a return on equity of 10.71% and a net margin of 4.09%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $2.41 EPS.

Several research analysts have weighed in on the company. Deutsche Bank reaffirmed a “buy” rating and set a $171.00 price target (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $190.00 price target on shares of Expedia in a research report on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and set a $178.00 price target on shares of Expedia in a research report on Tuesday, October 17th. Barclays lowered their price target on Expedia from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Finally, Citigroup reaffirmed a “buy” rating and set a $170.00 price target (down previously from $180.00) on shares of Expedia in a research report on Friday, October 27th. Eight equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $158.34.

Expedia (NASDAQ:EXPE) opened at $130.64 on Thursday. The firm has a market capitalization of $19,884.11, a P/E ratio of 51.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89. Expedia has a 1 year low of $115.55 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72.

In related news, Director Dara Khosrowshahi sold 72,383 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $123.04, for a total value of $8,906,004.32. Following the completion of the sale, the director now directly owns 494,731 shares in the company, valued at approximately $60,871,702.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Victor Kaufman sold 119,575 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $123.67, for a total value of $14,787,840.25. Following the completion of the sale, the insider now owns 169,575 shares of the company’s stock, valued at $20,971,340.25. The disclosure for this sale can be found here. Insiders sold a total of 354,949 shares of company stock valued at $43,978,025 over the last 90 days. 20.95% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Expedia in the 3rd quarter valued at $101,000. San Francisco Sentry Investment Group CA bought a new stake in Expedia in the 2nd quarter valued at $102,000. Krilogy Financial LLC lifted its position in shares of Expedia by 2,900.0% during the 3rd quarter. Krilogy Financial LLC now owns 900 shares of the online travel company’s stock valued at $130,000 after acquiring an additional 870 shares during the period. Sun Life Financial INC lifted its position in shares of Expedia by 10,987.5% during the 2nd quarter. Sun Life Financial INC now owns 887 shares of the online travel company’s stock valued at $132,000 after acquiring an additional 879 shares during the period. Finally, Pathstone Family Office LLC lifted its position in shares of Expedia by 15,833.3% during the 2nd quarter. Pathstone Family Office LLC now owns 956 shares of the online travel company’s stock valued at $143,000 after acquiring an additional 950 shares during the period. Institutional investors and hedge funds own 84.12% of the company’s stock.

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About Expedia

Expedia, Inc is an online travel company. The Company operates through four segments: Core Online Travel Agencies (Core OTA), trivago, Egencia and HomeAway. The Company’s Core OTA segment provides a range of travel and advertising services to its customers across the world, through a range of brands, including Expedia.com and Hotels.com in the United States, and localized Expedia and Hotels.com Websites throughout the world, Orbitz.com, Expedia Affiliate Network, Hotwire.com, Travelocity, Wotif Group, CarRentals.com and Classic Vacations.

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