Expedia Group (EXPE) Set to Announce Earnings on Thursday

Expedia Group (NASDAQ: EXPE – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $ 1.57 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Expedia Group (NASDAQ: EXPE – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The online travel company reported ($ 0.93) earnings per share for the quarter, missing the consensus estimate of ($ 0.69) by ($ 0.24). The firm had revenue of $ 2.25 billion during the quarter, compared to analyst estimates of $ 2.27 billion. Expedia Group had a net margin of 4.87% and a return on equity of 11.93%. During the same period in the prior year, the firm earned ($ 2.59) earnings per share. On average, analysts expect Expedia Group to post $ 4 EPS for the current fiscal year and $ 7 EPS for the next fiscal year.

Expedia Group Stock Performance

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NASDAQ EXPE opened at $ 103.76 on Thursday. The firm has a market capitalization of $ 16.30 billion, a P / E ratio of 89.45, a P / E / G ratio of 1.60 and a beta of 1.61. Expedia Group has a 1-year low of $ 88.70 and a 1-year high of $ 217.72. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50-day simple moving average is $ 107.70 and its 200-day simple moving average is $ 154.96.

Insider Activity

In related news, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $ 172.94, for a total transaction of $ 1,729,400.00. Following the completion of the transaction, the director now directly owns 252,112 shares in the company, valued at approximately $ 43,600,249.28. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Lance A. Soliday sold 376 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 124.12, for a total transaction of $ 46,669.12. Following the completion of the transaction, the chief accounting officer now directly owns 8,949 shares in the company, valued at approximately $ 1,110,749.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dara Khosrowshahi sold 10,000 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $ 172.94, for a total value of $ 1,729,400.00. Following the transaction, the director now owns 252,112 shares of the company’s stock, valued at $ 43,600,249.28. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EXPE. Advisory Services Network LLC acquired a new position in Expedia Group during the 1st quarter worth $ 230,000. Sawtooth Solutions LLC acquired a new position in Expedia Group during the 1st quarter worth $ 286,000. The Manufacturers Life Insurance Company boosted its position in Expedia Group by 9.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 113,146 shares of the online travel company’s stock worth $ 22,117,000 after acquiring an additional 9,741 shares during the period. Worldquant Millennium Advisors LLC boosted its position in Expedia Group by 114.6% during the 1st quarter. Worldquant Millennium Advisors LLC now owns 67,501 shares of the online travel company’s stock worth $ 13,208,000 after acquiring an additional 36,045 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in Expedia Group by 6.7% during the 1st quarter. Wealthfront Advisers LLC now owns 5,973 shares of the online travel company’s stock worth $ 1,169,000 after acquiring an additional 375 shares during the period. 96.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPE has been the topic of several research analyst reports. Ascendiant Capital Markets set at $ 202.00 price objective on Expedia Group in a research note on Monday, June 20th. Truist Financial reduced their price target on Expedia Group from $ 240.00 to $ 185.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Argus reduced their price target on Expedia Group from $ 240.00 to $ 220.00 in a research report on Thursday, April 7th. Redburn Partners raised Expedia Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 18th. Finally, Credit Suisse Group reduced their price target on Expedia Group from $ 231.00 to $ 225.00 in a research report on Tuesday, May 3rd. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $ 191.30.

About Expedia Group

(Get Rating)

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, and CheapTickets travel websites; ebookers, an online EMEA travel agent for travelers an array of travel options; Hotwire, which offers travel booking services; CarRentals.com, an online car rental booking service; Classic Vacations, a luxury travel specialist; and Expedia Cruise, a provider of advice for travelers booking cruises.

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Earnings History for Expedia Group (NASDAQ: EXPE)

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