Q3 2017 EPS Estimates for Expedia, Inc. (EXPE) Reduced by Analyst
Expedia, Inc. (NASDAQ:EXPE) – Investment analysts at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of Expedia in a research report issued to clients and investors on Monday. SunTrust Banks analyst N. Khan now anticipates that the online travel company will post earnings per share of $1.86 for the quarter, down from their previous estimate of $1.90. SunTrust Banks currently has a “Buy” rating and a $190.00 price target on the stock. SunTrust Banks also issued estimates for Expedia’s Q4 2017 earnings at $1.04 EPS, FY2017 earnings at $3.40 EPS, FY2018 earnings at $4.94 EPS, FY2019 earnings at $6.51 EPS, FY2020 earnings at $8.21 EPS and FY2021 earnings at $10.01 EPS.
Expedia (NASDAQ:EXPE) last issued its earnings results on Thursday, July 27th. The online travel company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. Expedia had a return on equity of 10.98% and a net margin of 3.49%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. TRADEMARK VIOLATION NOTICE: This news story was originally published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/13/q3-2017-eps-estimates-for-expedia-inc-expe-reduced-by-analyst.html.
Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price objective on shares of Expedia in a report on Thursday, September 7th. Guggenheim reiterated a “buy” rating and set a $175.00 price target (down previously from $190.00) on shares of Expedia in a report on Thursday, September 7th. Zacks Investment Research downgraded shares of Expedia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Piper Jaffray Companies restated a “buy” rating and set a $173.00 price objective on shares of Expedia in a research report on Thursday, August 31st. Finally, Cowen and Company restated an “outperform” rating and set a $160.00 price objective on shares of Expedia in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.02.
Expedia (NASDAQ EXPE) opened at 145.66 on Wednesday. The firm has a market capitalization of $22.09 billion, a PE ratio of 68.55 and a beta of 0.97. The company has a 50 day moving average price of $148.23 and a 200-day moving average price of $140.99. Expedia has a one year low of $105.62 and a one year high of $161.00.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th will be given a $0.30 dividend. This is a positive change from Expedia’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 22nd. Expedia’s dividend payout ratio is presently 56.87%.
In other news, CEO Dara Khosrowshahi sold 86,228 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $154.12, for a total value of $13,289,459.36. Following the transaction, the chief executive officer now owns 518,576 shares of the company’s stock, valued at $79,922,933.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Okerstrom sold 12,500 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $150.41, for a total transaction of $1,880,125.00. Following the completion of the transaction, the executive vice president now directly owns 71,248 shares in the company, valued at approximately $10,716,411.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,826 shares of company stock valued at $22,359,010. Company insiders own 20.88% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. raised its stake in Expedia by 7.7% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 309,948 shares of the online travel company’s stock valued at $39,105,000 after purchasing an additional 22,056 shares in the last quarter. Hartwell J M Limited Partnership raised its stake in shares of Expedia by 229.1% in the second quarter. Hartwell J M Limited Partnership now owns 28,975 shares of the online travel company’s stock valued at $4,316,000 after acquiring an additional 20,170 shares during the period. OZ Management LP purchased a new stake in shares of Expedia in the second quarter valued at $1,892,000. Swiss National Bank raised its stake in shares of Expedia by 2.9% in the second quarter. Swiss National Bank now owns 450,370 shares of the online travel company’s stock valued at $67,083,000 after acquiring an additional 12,700 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Expedia in the first quarter valued at $499,000. 84.42% of the stock is currently owned by institutional investors.
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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