Expedia Group (NASDAQ:EXPE) Issues Quarterly Earnings Results
Expedia Group (NASDAQ:EXPE) issued its quarterly earnings data on Thursday. The online travel company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37, Fidelity Earnings reports. Expedia Group had a net margin of 4.26% and a return on equity of 13.45%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.76 billion.
Shares of EXPE traded up $12.21 during midday trading on Friday, reaching $122.80. 10,380,251 shares of the stock were exchanged, compared to its average volume of 2,363,065. Expedia Group has a twelve month low of $93.53 and a twelve month high of $144.00. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.80. The company has a market cap of $15.75 billion, a P/E ratio of 36.77, a PEG ratio of 1.65 and a beta of 1.01. The stock’s 50 day simple moving average is $109.99 and its 200 day simple moving average is $120.07.
EXPE has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Expedia Group from $170.00 to $145.00 and set an “average” rating for the company in a research note on Thursday, November 7th. TheStreet cut shares of Expedia Group from a “b” rating to a “c+” rating in a research note on Monday, November 18th. SunTrust Banks reiterated a “buy” rating and set a $168.00 target price on shares of Expedia Group in a research note on Thursday. Cfra upped their target price on shares of Expedia Group from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Friday. Finally, Credit Suisse Group upped their target price on shares of Expedia Group from $159.00 to $161.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company. Expedia Group presently has a consensus rating of “Hold” and a consensus price target of $138.60.
Expedia Group Company Profile
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, alternative accommodations, airline seats, car rentals, and destination services from its travel suppliers; and acts as an agent in the transactions.
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