Expedia Group, Inc. (EXPE) to Issue Quarterly Dividend of $0.48 on June 18th

by · The Cerbat Gem

Expedia Group, Inc. (NASDAQ:EXPE – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Thursday, May 28th will be paid a dividend of 0.48 per share by the online travel company on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 28th.

Expedia Group has increased its dividend payment by an average of 0.4%per year over the last three years. Expedia Group has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Expedia Group to earn $19.71 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 9.7%.

Expedia Group Stock Performance

Shares of NASDAQ EXPE opened at $214.65 on Tuesday. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 0.67 and a beta of 1.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 2.43. Expedia Group has a 1-year low of $156.18 and a 1-year high of $303.80. The stock’s 50-day moving average is $236.07 and its 200 day moving average is $249.45.

Expedia Group (NASDAQ:EXPE – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The online travel company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.55. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Expedia Group had a return on equity of 84.33% and a net margin of 9.81%.Expedia Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. On average, sell-side analysts anticipate that Expedia Group will post 16.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXPE shares. DA Davidson decreased their price objective on Expedia Group from $260.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Bank of America lifted their price target on Expedia Group from $303.00 to $306.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wall Street Zen upgraded Expedia Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Benchmark dropped their target price on Expedia Group from $310.00 to $290.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Evercore reaffirmed an “outperform” rating on shares of Expedia Group in a report on Monday, February 9th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $284.42.

Read Our Latest Research Report on Expedia Group

Expedia Group Company Profile

(Get Free Report)

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third‑party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.

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