Global Business Travel Group (NYSE:GBTG) Releases Earnings Results, Misses Estimates By $0.14 EPS

Global Business Travel Group (NYSE:GBTGGet Free Report) released its earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14), Zacks reports. The company had revenue of $597.00 million during the quarter, compared to analyst estimates of $611.89 million. Global Business Travel Group had a negative return on equity of 1.26% and a negative net margin of 1.66%. During the same quarter last year, the business earned ($0.02) earnings per share. Global Business Travel Group updated its FY 2024 guidance to EPS.

Global Business Travel Group Stock Up 2.1 %

NYSE GBTG traded up $0.17 on Friday, hitting $8.08. The company had a trading volume of 315,781 shares, compared to its average volume of 624,143. The company’s fifty day moving average price is $7.50 and its 200-day moving average price is $6.81. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 1.65. Global Business Travel Group has a 12-month low of $4.49 and a 12-month high of $8.55.

Global Business Travel Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 5th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 8.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GBTG. Citigroup lifted 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. Evercore ISI lifted their target price on shares of Global Business Travel Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th.

Check Out Our Latest Analysis on GBTG

Global Business Travel Group Company Profile

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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.

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Earnings History for Global Business Travel Group (NYSE:GBTG)

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