Despegar Com Inc (NYSE:DESP) – KeyCorp increased their Q1 2018 earnings per share estimates for shares of Despegar Com in a research report issued on Thursday. KeyCorp analyst B. Erickson now forecasts that the company will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.21. KeyCorp also issued estimates for Despegar Com’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $0.83 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.09 EPS.
Despegar Com (NYSE:DESP) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $136.10 million. The business’s revenue was up 29.5% compared to the same quarter last year.
Despegar Com (NYSE DESP) opened at $33.50 on Monday. Despegar Com has a 1-year low of $22.73 and a 1-year high of $34.70.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. General Atlantic LLC purchased a new stake in Despegar Com in the 3rd quarter worth $101,607,000. Ameriprise Financial Inc. purchased a new stake in Despegar Com in the 3rd quarter worth $15,403,000. Lombard Odier Asset Management Switzerland SA lifted its stake in 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 worth $12,729,000 after purchasing an additional 413,200 shares in the last quarter. Franklin Resources Inc. lifted its stake in Despegar Com by 69.9% in the 4th quarter. Franklin Resources Inc. now owns 419,400 shares of the company’s stock worth $11,525,000 after purchasing an additional 172,600 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its stake in 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 worth $8,709,000 after purchasing an additional 311,925 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.
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About Despegar Com
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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