Global Business Travel Group (NYSE:GBTG - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06), Zacks reports. Global Business Travel Group had a negative net margin of 7.06% and a negative return on equity of 9.70%. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $585.72 million. Global Business Travel Group updated its FY 2025 guidance to EPS.
Global Business Travel Group Price Performance
Global Business Travel Group stock traded up $0.20 during mid-day trading on Monday, reaching $8.51. 1,190,151 shares of the company's stock traded hands, compared to its average volume of 544,914. Global Business Travel Group has a 12-month low of $4.49 and a 12-month high of $9.60. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -23.64 and a beta of 0.71. The stock has a 50 day moving average of $8.94 and a two-hundred day moving average of $8.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24.
Analyst Ratings Changes
GBTG has been the subject of several recent analyst reports. Morgan Stanley upped their price target on Global Business Travel Group from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. UBS Group began coverage on shares of Global Business Travel Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $11.00 price target on the stock.
Get Our Latest Report on GBTG
Global Business Travel Group announced that its board has initiated a share buyback plan on Tuesday, November 5th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 8.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.
About Global Business Travel Group
(
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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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