Wall Street analysts forecast that Ctrip.Com International Ltd (NASDAQ:CTRP) will report earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ctrip.Com International’s earnings, with estimates ranging from $0.20 to $0.26. Ctrip.Com International posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 144.4%. The business is expected to report its next earnings results on Wednesday, August 29th.
On average, analysts expect that Ctrip.Com International will report full year earnings of $1.16 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.52. For the next financial year, analysts expect that the company will report earnings of $1.54 per share, with EPS estimates ranging from $1.34 to $1.71. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Ctrip.Com International.
Get Ctrip.Com International alerts:Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Wednesday, March 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Ctrip.Com International had a net margin of 11.40% and a return on equity of 4.70%. The business had revenue of $987.54 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis.
Several analysts recently commented on the stock. TH Capital raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday. Deutsche Bank assumed coverage on shares of Ctrip.Com International in a research note on Monday, February 5th. They set a “hold” rating and a $50.00 target price for the company. Wells Fargo & Co assumed coverage on shares of Ctrip.Com International in a research note on Tuesday, January 30th. They set a “market perform” rating and a $50.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Ctrip.Com International from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, March 19th. Finally, TheStreet lowered shares of Ctrip.Com International from a “b-” rating to a “c+” rating in a research note on Friday, April 20th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $53.23.
CTRP stock traded up $0.57 on Friday, hitting $46.50. 4,341,100 shares of the company’s stock traded hands, compared to its average volume of 4,878,689. Ctrip.Com International has a 1-year low of $40.13 and a 1-year high of $60.65. The firm has a market cap of $24.43 billion, a PE ratio of 78.81, a P/E/G ratio of 5.34 and a beta of 1.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.40.
Large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after acquiring an additional 3,419 shares in the last quarter. Baldwin Investment Management LLC purchased a new stake in shares of Ctrip.Com International in the 1st quarter valued at approximately $208,000. Point72 Asia Hong Kong Ltd lifted its position in shares of Ctrip.Com International by 3,674.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,492 shares of the company’s stock valued at $209,000 after acquiring an additional 4,373 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Ctrip.Com International in the 4th quarter valued at approximately $212,000. Finally, IHT Wealth Management LLC lifted its position in shares of Ctrip.Com International by 46.3% in the 1st quarter. IHT Wealth Management LLC now owns 4,633 shares of the company’s stock valued at $212,000 after acquiring an additional 1,467 shares in the last quarter. Institutional investors and hedge funds own 66.49% of the company’s stock.
About Ctrip.Com International
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and flight dynamics.
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