Airbnb (ABNB) Expected to Announce Earnings on Thursday

Airbnb (NASDAQ:ABNB) is expected to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $2.42 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business earned $2.39 EPS. On average, analysts expect Airbnb to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Airbnb Trading Down 0.9 %

Shares of Airbnb stock opened at $129.60 on Thursday. The company has a market capitalization of $82.16 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The stock has a fifty day simple moving average of $133.11 and a 200 day simple moving average of $130.26. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ABNB. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Bank of America upped their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Evercore ISI lifted their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $139.63.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 19,448 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the completion of the sale, the director now owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This represents a 88.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the completion of the transaction, the chief executive officer now owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,410,754 shares of company stock valued at $186,754,248 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

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.