Equities research analysts expect Ctrip.Com International Ltd (NASDAQ:CTRP) to report earnings per share (EPS) of $0.30 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ctrip.Com International’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.30. Ctrip.Com International posted earnings of $0.29 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is expected to report its next earnings report after the market closes on Monday, September 9th.
According to Zacks, analysts expect that Ctrip.Com International will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.47. For the next financial year, analysts anticipate that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.55 to $1.91. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Ctrip.Com International.
Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.22. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS.
CTRP has been the subject of several research reports. Credit Suisse Group upgraded Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price target for the company in a research note on Tuesday, July 16th. Daiwa Capital Markets upgraded Ctrip.Com International from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 23rd. Zacks Investment Research downgraded Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Barclays cut their price target on Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Finally, BidaskClub upgraded Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.51.
Shares of CTRP stock traded down $1.08 on Friday, hitting $32.24. 159,750 shares of the stock were exchanged, compared to its average volume of 3,443,726. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $17.57 billion, a PE ratio of 34.28, a P/E/G ratio of 2.57 and a beta of 1.57. Ctrip.Com International has a one year low of $25.00 and a one year high of $46.50. The firm’s 50 day moving average is $36.58 and its two-hundred day moving average is $38.08.
Several hedge funds and other institutional investors have recently made changes to their positions in CTRP. Advisory Services Network LLC raised its holdings in shares of Ctrip.Com International by 500.0% during the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after buying an additional 500 shares in the last quarter. FTB Advisors Inc. purchased a new position in shares of Ctrip.Com International during the 1st quarter valued at about $31,000. Assetmark Inc. raised its holdings in shares of Ctrip.Com International by 1,737.0% during the 2nd quarter. Assetmark Inc. now owns 845 shares of the company’s stock valued at $31,000 after buying an additional 799 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Ctrip.Com International by 255.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 588 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Ctrip.Com International during the 2nd quarter valued at about $44,000. 62.50% of the stock is currently owned by institutional investors.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides 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, express security check, and real-time flight status.
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