Expedia Group, Inc. Announces Quarterly Dividend of $0.40 (NASDAQ:EXPE)

Key Points

• Expedia Group, Inc. announced a quarterly dividend of $0.40 per share, with a payout date set for September 18th for investors of record on August 28th, reflecting a yield of 0.9%.
• The company reported earnings of $3.59 per share for the quarter, which fell short of analysts' expectations by $0.54 and indicates a return on equity of 52.60% with a net margin of 8.48%.
• Expedia's recent stock performance includes a rise of $2.47 to $187.61, with significant trading volume and a current market cap of $23.85 billion.

Expedia Group, Inc. (NASDAQ:EXPE - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Thursday, August 28th will be paid a dividend of 0.40 per share by the online travel company on Thursday, September 18th. This represents a c) annualized dividend and a yield of 0.9%.

Expedia Group has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Expedia Group to earn $14.75 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 10.8%.

Expedia Group Stock Performance

Expedia Group stock traded up $2.47 during trading hours on Thursday, hitting $187.61. The stock had a trading volume of 4,313,991 shares, compared to its average volume of 2,089,526. The company has a 50-day moving average of $175.62 and a two-hundred day moving average of $172.60. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a market cap of $23.85 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. Expedia Group has a fifty-two week low of $112.68 and a fifty-two week high of $207.73.

Expedia Group (NASDAQ:EXPE - Get Free Report) last issued its earnings results on Thursday, August 7th. The online travel company reported $3.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.13 by ($0.54). Expedia Group had a return on equity of 52.60% and a net margin of 8.48%. On average, equities research analysts anticipate that Expedia Group will post 12.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in Expedia Group by 4.3% during the second quarter. First Horizon Advisors Inc. now owns 1,346 shares of the online travel company's stock worth $227,000 after acquiring an additional 55 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Expedia Group by 0.4% during the second quarter. New York Life Investment Management LLC now owns 16,789 shares of the online travel company's stock worth $2,832,000 after buying an additional 64 shares during the period. Altman Advisors Inc. boosted its position in shares of Expedia Group by 0.5% during the first quarter. Altman Advisors Inc. now owns 13,338 shares of the online travel company's stock worth $2,093,000 after buying an additional 65 shares during the period. UMB Bank n.a. boosted its position in shares of Expedia Group by 14.1% during the first quarter. UMB Bank n.a. now owns 558 shares of the online travel company's stock worth $94,000 after buying an additional 69 shares during the period. Finally, Consilio Wealth Advisors LLC boosted its position in shares of Expedia Group by 4.1% during the second quarter. Consilio Wealth Advisors LLC now owns 1,786 shares of the online travel company's stock worth $305,000 after buying an additional 71 shares during the period. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.