Airbnb (ABNB) Scheduled to Post Earnings on Wednesday

Airbnb (NASDAQ:ABNB - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Airbnb has set its Q1 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. 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 1.5 %

Shares of Airbnb stock traded down $2.41 during trading hours on Wednesday, hitting $156.16. The company's stock had a trading volume of 2,751,509 shares, compared to its average volume of 4,457,421. Airbnb has a 1-year low of $103.55 and a 1-year high of $170.10. The business has a fifty day moving average of $160.84 and a 200 day moving average of $144.10. The company has a market capitalization of $101.05 billion, a PE ratio of 21.57, a P/E/G ratio of 2.16 and a beta of 1.25. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ABNB shares. Truist Financial increased their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a "hold" rating in a research report on Thursday, March 14th. Royal Bank of Canada raised their price target on shares of Airbnb from $140.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, February 14th. B. Riley assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 price target for the company. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Thursday, April 11th. Finally, Tigress Financial raised their price objective on shares of Airbnb from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus price target of $149.19.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 9,196 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the sale, the chief financial officer now directly owns 535,530 shares in the company, valued at approximately $83,949,682.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at approximately $34,766,392.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elinor Mertz sold 9,196 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the sale, the chief financial officer now owns 535,530 shares in the company, valued at $83,949,682.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 396,274 shares of company stock worth $63,616,059. 27.83% of the stock is owned by corporate insiders.

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.