Global Business Travel Group (GBTG) Set to Announce Earnings on Tuesday

Global Business Travel Group (NYSE:GBTG) is set to announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Global Business Travel Group has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Global Business Travel Group (NYSE:GBTG) last posted its earnings results on Tuesday, August 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. Global Business Travel Group had a negative net margin of 1.66% and a negative return on equity of 1.26%. The company had revenue of $625.00 million during the quarter, compared to the consensus estimate of $643.97 million. On average, analysts expect Global Business Travel Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global Business Travel Group Price Performance

Shares of NYSE GBTG opened at $7.83 on Monday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of -78.30 and a beta of 0.63. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.65 and a current ratio of 1.65. Global Business Travel Group has a fifty-two week low of $4.49 and a fifty-two week high of $7.95. The firm’s 50-day simple moving average is $7.45 and its 200 day simple moving average is $6.77.

Analyst Ratings Changes

A number of equities research analysts recently commented on GBTG shares. Evercore ISI increased their price target on Global Business Travel Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup upped their target price on shares of Global Business Travel Group from $9.00 to $9.50 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Global Business Travel Group Company Profile

Global Business Travel Group, Inc provides business-to-business (B2B) travel platform in the United States and internationally. The company's platform offers a suite of technology-enabled solutions to business travelers and clients; travel content suppliers, such as airlines, hotels, ground transportation, and aggregators; and third-party travel agencies.