Expedia (EXPE) Posts Quarterly Earnings Results, Misses Estimates By $0.31 EPS
Expedia (NASDAQ:EXPE) posted its quarterly earnings data on Thursday. The online travel company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.31), Bloomberg Earnings reports. Expedia had a net margin of 4.09% and a return on equity of 10.71%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the business posted $1.17 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis.
Expedia (NASDAQ:EXPE) traded down $6.30 during mid-day trading on Thursday, hitting $123.03. 4,770,273 shares of the company traded hands, compared to its average volume of 1,880,000. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $18,760.00, a PE ratio of 48.63, a P/E/G ratio of 1.71 and a beta of 0.89. Expedia has a twelve month low of $115.55 and a twelve month high of $161.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.98%. Expedia’s dividend payout ratio is currently 47.43%.
EXPE has been the subject of several research reports. Credit Suisse Group set a $147.00 price objective on shares of Expedia and gave the company a “hold” rating in a research report on Friday, October 27th. UBS Group restated a “buy” rating and set a $154.00 price objective (down previously from $170.00) on shares of Expedia in a research report on Friday, October 27th. Deutsche Bank restated a “buy” rating and set a $171.00 price objective (down previously from $175.00) on shares of Expedia in a research report on Tuesday, October 24th. Cowen set a $158.00 price objective on shares of Expedia and gave the company a “buy” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks restated a “buy” rating and set a $190.00 price objective on shares of Expedia in a research report on Monday, October 23rd. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $158.62.
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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