Despegar.com (NYSE:DESP) posted its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.15), Briefing.com reports. The company had revenue of $121.25 million during the quarter, compared to the consensus estimate of $123.77 million. Despegar.com had a net margin of 7.45% and a return on equity of 17.07%. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share.
Shares of DESP opened at $15.73 on Friday. The firm has a market cap of $1.15 billion and a PE ratio of 22.80. Despegar.com has a one year low of $14.66 and a one year high of $36.56.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cohen Capital Management Inc. increased its holdings in shares of Despegar.com by 11.3% during the third quarter. Cohen Capital Management Inc. now owns 108,610 shares of the company’s stock valued at $1,832,000 after purchasing an additional 11,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Despegar.com by 140.0% during the third quarter. PNC Financial Services Group Inc. now owns 6,066 shares of the company’s stock valued at $102,000 after purchasing an additional 3,538 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Despegar.com during the third quarter valued at $10,672,000. Albert D Mason Inc. increased its holdings in shares of Despegar.com by 39.3% during the third quarter. Albert D Mason Inc. now owns 26,565 shares of the company’s stock valued at $448,000 after purchasing an additional 7,490 shares during the period. Finally, Global Thematic Partners LLC increased its holdings in shares of Despegar.com by 118.2% during the third quarter. Global Thematic Partners LLC now owns 1,590,910 shares of the company’s stock valued at $26,838,000 after purchasing an additional 861,833 shares during the period. 76.80% of the stock is currently owned by institutional investors.
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Despegar.com Company Profile
Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. It operates through two segments, Air; and Packages, Hotels and Other Travel Products. The company offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace.
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