Q3 2017 EPS Estimates for Expedia, Inc. Reduced by Oppenheimer Holdings (EXPE)
Expedia, Inc. (NASDAQ:EXPE) – Equities research analysts at Oppenheimer Holdings lowered their Q3 2017 earnings estimates for shares of Expedia in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now forecasts that the online travel company will earn $2.44 per share for the quarter, down from their previous forecast of $2.46. Oppenheimer Holdings currently has a “Outperform” rating on the stock.
Expedia (NASDAQ:EXPE) last posted its quarterly earnings data on Thursday, April 27th. The online travel company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.15. Expedia had a net margin of 3.36% and a return on equity of 11.01%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 15.0% on a year-over-year basis.
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Several other equities analysts have also issued reports on EXPE. Piper Jaffray Companies restated a “buy” rating and set a $144.00 target price on shares of Expedia in a research report on Wednesday, March 29th. Jefferies Group LLC restated a “hold” rating and set a $135.00 target price on shares of Expedia in a research report on Wednesday, March 29th. Barclays PLC restated an “overweight” rating and set a $140.00 target price on shares of Expedia in a research report on Monday, April 3rd. Credit Suisse Group AG restated a “buy” rating and set a $147.00 target price on shares of Expedia in a research report on Wednesday, April 5th. Finally, Vetr lowered Expedia from a “buy” rating to a “hold” rating and set a $138.67 target price for the company. in a research report on Monday, April 24th. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $151.42.
Expedia (NASDAQ:EXPE) opened at 153.94 on Thursday. The stock’s 50 day moving average is $149.35 and its 200 day moving average is $133.22. Expedia has a 52-week low of $105.62 and a 52-week high of $156.39. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 78.14 and a beta of 0.93.
In other news, EVP Robert J. Dzielak sold 31,829 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $140.00, for a total transaction of $4,456,060.00. Following the sale, the executive vice president now owns 33,606 shares in the company, valued at approximately $4,704,840. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan C. Athey sold 670 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $138.59, for a total value of $92,855.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,043 shares of company stock worth $5,330,777. Company insiders own 20.95% of the company’s stock.
Several large investors have recently made changes to their positions in EXPE. Cleararc Capital Inc. boosted its stake in Expedia by 0.5% in the first quarter. Cleararc Capital Inc. now owns 2,948 shares of the online travel company’s stock worth $372,000 after buying an additional 16 shares during the period. S&CO Inc. boosted its stake in Expedia by 0.5% in the first quarter. S&CO Inc. now owns 4,350 shares of the online travel company’s stock worth $549,000 after buying an additional 20 shares during the period. Rice Hall James & Associates LLC boosted its stake in Expedia by 3.0% in the first quarter. Rice Hall James & Associates LLC now owns 1,430 shares of the online travel company’s stock worth $180,000 after buying an additional 41 shares during the period. Stephens Inc. AR boosted its stake in Expedia by 1.9% in the first quarter. Stephens Inc. AR now owns 2,875 shares of the online travel company’s stock worth $363,000 after buying an additional 53 shares during the period. Finally, Quantum Capital Management boosted its stake in Expedia by 2.6% in the first quarter. Quantum Capital Management now owns 2,102 shares of the online travel company’s stock worth $265,000 after buying an additional 54 shares during the period. Institutional investors own 80.87% of the company’s stock.
Expedia Company Profile
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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