Airbnb (ABNB) Set to Announce Quarterly Earnings on Thursday

Airbnb (NASDAQ:ABNB) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Airbnb to post earnings of $2.17 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the company earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect Airbnb to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Airbnb Trading Up 2.5 %

Shares of Airbnb stock traded up $3.46 during trading hours on Tuesday, hitting $140.33. The company’s stock had a trading volume of 1,405,064 shares, compared to its average volume of 4,366,667. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average of $127.29 and a 200-day moving average of $137.91. The stock has a market cap of $90.04 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.93 and a beta of 1.15.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at $2,259,958.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock worth $51,809,831 over the last ninety days. 27.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James initiated coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Barclays decreased their price target on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Mizuho decreased their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $135.35.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.