Expedia to Post Q1 2018 Earnings of ($1.20) Per Share, Jefferies Group Forecasts (EXPE)

Expedia (NASDAQ:EXPE) – Analysts at Jefferies Group decreased their Q1 2018 earnings per share (EPS) estimates for Expedia in a research note issued on Monday, April 16th. Jefferies Group analyst B. Thill now forecasts that the online travel company will earn ($1.20) per share for the quarter, down from their prior estimate of ($0.50). Jefferies Group also issued estimates for Expedia’s Q4 2018 earnings at $1.49 EPS and FY2018 earnings at $3.72 EPS.

Expedia (NASDAQ:EXPE) last announced its quarterly earnings results on Thursday, February 8th. The online travel company reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.31). Expedia had a net margin of 3.76% and a return on equity of 9.66%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.17 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. TheStreet downgraded Expedia from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Piper Jaffray raised their price objective on Expedia to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley lowered their price objective on Expedia from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Bank of America upgraded Expedia from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC downgraded Expedia from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Fourteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $145.08.

Shares of EXPE opened at $109.77 on Thursday. Expedia has a 1 year low of $98.52 and a 1 year high of $161.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.61. The stock has a market cap of $16,744.03, a PE ratio of 29.51, a P/E/G ratio of 2.18 and a beta of 1.04.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Thursday, March 8th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.09%. Expedia’s dividend payout ratio is 32.26%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board increased its holdings in shares of Expedia by 3.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,728 shares of the online travel company’s stock valued at $1,405,000 after acquiring an additional 400 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Expedia by 90.9% during the fourth quarter. Dupont Capital Management Corp now owns 1,046 shares of the online travel company’s stock valued at $125,000 after acquiring an additional 498 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Expedia by 0.3% during the fourth quarter. California State Teachers Retirement System now owns 205,087 shares of the online travel company’s stock valued at $24,563,000 after acquiring an additional 581 shares in the last quarter. Global Endowment Management LP increased its holdings in shares of Expedia by 7.8% during the fourth quarter. Global Endowment Management LP now owns 9,720 shares of the online travel company’s stock valued at $1,164,000 after acquiring an additional 700 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Expedia by 9.4% during the fourth quarter. Creative Planning now owns 8,254 shares of the online travel company’s stock valued at $989,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 80.19% of the company’s stock.

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About Expedia

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, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.

Earnings History and Estimates for Expedia (NASDAQ:EXPE)

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