$135.20 Million in Sales Expected for Despegar Com Inc (DESP) This Quarter

Equities research analysts predict that Despegar Com Inc (NYSE:DESP) will report sales of $135.20 million for the current quarter, according to Zacks. Two analysts have made estimates for Despegar Com’s earnings, with the highest sales estimate coming in at $136.00 million and the lowest estimate coming in at $134.40 million. The firm is expected to announce its next earnings report before the market opens on Thursday, March 8th.

On average, analysts expect that Despegar Com will report full year sales of $135.20 million for the current year, with estimates ranging from $510.42 million to $515.90 million. For the next financial year, analysts expect that the business will post sales of $614.19 million per share, with estimates ranging from $612.00 million to $618.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Despegar Com.

A number of equities research analysts have commented on the stock. UBS Group raised shares of Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, January 11th. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of Despegar Com in a report on Sunday, November 19th. Zacks Investment Research raised shares of Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, December 15th. Finally, Morgan Stanley increased their price objective on shares of Despegar Com from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, November 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $35.00.

Shares of Despegar Com (NYSE DESP) traded up $0.69 during trading hours on Tuesday, reaching $29.27. 51,363 shares of the company’s stock were exchanged, compared to its average volume of 167,229. Despegar Com has a 12-month low of $22.73 and a 12-month high of $34.70. The company has a market cap of $1,970.00 and a price-to-earnings ratio of 55.23.

A number of large investors have recently modified their holdings of the business. General Atlantic LLC bought a new stake in Despegar Com during the 3rd quarter worth about $101,607,000. Ameriprise Financial Inc. bought a new stake in Despegar Com during the 3rd quarter worth about $15,403,000. Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Despegar Com by 826.4% in the 4th quarter. Lombard Odier Asset Management Switzerland SA now owns 463,200 shares of the company’s stock valued at $12,729,000 after purchasing an additional 413,200 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Despegar Com by 69.9% in the 4th quarter. Franklin Resources Inc. now owns 419,400 shares of the company’s stock valued at $11,525,000 after purchasing an additional 172,600 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its stake in shares of Despegar Com by 6,238.5% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 316,925 shares of the company’s stock valued at $8,709,000 after purchasing an additional 311,925 shares during the last quarter. 74.11% of the stock is currently owned by hedge funds and other institutional investors.

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Despegar Com Company Profile

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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