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

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

Despegar.com Price Performance

DESP opened at $12.82 on Thursday. The company has a market capitalization of $846.84 million, a price-to-earnings ratio of -49.31 and a beta of 2.03. Despegar.com has a 1-year low of $5.28 and a 1-year high of $13.59. The business has a 50 day moving average price of $11.48 and a two-hundred day moving average price of $9.53.

Wall Street Analyst Weigh In

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

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.