Despegar.com (NYSE:DESP) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15), Briefing.com reports. The business had revenue of $121.25 million for the quarter, compared to the consensus estimate of $123.77 million. Despegar.com had a return on equity of 17.07% and a net margin of 7.45%. Despegar.com’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share.
Shares of NYSE:DESP traded down $0.74 during midday trading on Thursday, hitting $15.91. The stock had a trading volume of 552,400 shares, compared to its average volume of 374,410. Despegar.com has a 12 month low of $14.66 and a 12 month high of $36.56. The stock has a market capitalization of $1.15 billion and a PE ratio of 23.96.
Several equities analysts have recently weighed in on the stock. KeyCorp decreased their price target on shares of Despegar.com from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Morgan Stanley decreased their target price on shares of Despegar.com from $31.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 20th. Cowen reissued a “buy” rating and issued a $20.00 target price on shares of Despegar.com in a research note on Friday, August 17th. Citigroup decreased their target price on shares of Despegar.com from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Finally, UBS Group cut shares of Despegar.com from a “market perform” rating to an “underperform” rating in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.14.
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Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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