Despegar.com (DESP) to Release Quarterly Earnings on Thursday

Despegar.com (NYSE:DESP) will announce its earnings results after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Despegar.com Trading Down 1.0 %

NYSE DESP opened at $12.82 on Thursday. The business’s 50 day moving average is $11.48 and its two-hundred day moving average is $9.53. Despegar.com has a 12-month low of $5.28 and a 12-month high of $13.59. The stock has a market capitalization of $846.84 million, a price-to-earnings ratio of -49.31 and a beta of 2.03.

Analyst Ratings Changes

Several equities analysts have issued reports on DESP shares. B. Riley reiterated a “buy” rating and set a $16.00 target price (up previously from $15.00) on shares of Despegar.com in a research report on Friday, March 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $14.00 target price on shares of Despegar.com in a research report on Friday, March 22nd. Finally, Citigroup reiterated a “neutral” rating and set a $14.50 target price (up previously from $11.50) on shares of Despegar.com in a research report on Monday, April 29th.

Despegar.com Company Profile

Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.