Global Business Travel Group (GBTG) to Release Earnings on Thursday

Global Business Travel Group (NYSE:GBTG) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Global Business Travel Group to post earnings of $0.03 per share and revenue of $585.72 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Business Travel Group Trading Down 1.6 %

NYSE GBTG opened at $8.74 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of -24.26 and a beta of 0.71. Global Business Travel Group has a 52-week low of $4.49 and a 52-week high of $9.60. The firm has a 50-day moving average price of $9.03 and a 200 day moving average price of $8.25. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.24.

Global Business Travel Group declared that its board has initiated a stock repurchase program on Tuesday, November 5th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 8.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Global Business Travel Group in a report on Friday, November 22nd. They set a “buy” rating and a $11.00 price target for the company. Morgan Stanley increased their target price on shares of Global Business Travel Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th.

Global Business Travel Group Company Profile

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.