Getty Images (GETY) to Release Quarterly Earnings on Thursday

Getty Images (NYSE:GETY) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Getty Images has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Getty Images (NYSE:GETY) last posted its earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $225.94 million during the quarter, compared to the consensus estimate of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. On average, analysts expect Getty Images to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Getty Images Price Performance

GETY opened at $4.03 on Tuesday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 100.63 and a beta of 2.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The firm has a 50-day moving average price of $4.30 and a 200-day moving average price of $4.58. Getty Images has a twelve month low of $3.65 and a twelve month high of $7.35.

Insider Buying and Selling at Getty Images

In other news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.64, for a total value of $153,941.28. Following the completion of the sale, the senior vice president now directly owns 261,560 shares in the company, valued at approximately $1,213,638.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Peter Orlowsky sold 22,579 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $4.96, for a total value of $111,991.84. Following the completion of the sale, the senior vice president now owns 211,872 shares of the company’s stock, valued at approximately $1,050,885.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $4.64, for a total transaction of $153,941.28. Following the completion of the sale, the senior vice president now directly owns 261,560 shares of the company’s stock, valued at approximately $1,213,638.40. The disclosure for this sale can be found here. Insiders sold a total of 1,276,490 shares of company stock worth $5,677,587 over the last three months. 12.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GETY shares. Benchmark lifted their target price on shares of Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Monday. Finally, Citigroup raised their price objective on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.35.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.