Brokerages forecast that Ctrip (NASDAQ:CTRP) will report earnings of $0.15 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ctrip’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Ctrip reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 650%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 9th.
On average, analysts expect that Ctrip will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.15. For the next year, analysts forecast that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.33 to $1.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Ctrip.
Ctrip (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, March 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $987.54 million during the quarter, compared to the consensus estimate of $1 billion. Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share.
Several analysts recently issued reports on CTRP shares. TheStreet upgraded Ctrip from a “c+” rating to a “b-” rating in a research note on Monday, March 12th. Oppenheimer restated a “buy” rating and issued a $53.00 price target on shares of Ctrip in a research note on Tuesday, December 12th. BidaskClub upgraded Ctrip from a “hold” rating to a “buy” rating in a research note on Saturday, February 24th. Nomura boosted their price target on Ctrip from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, March 19th. Finally, Deutsche Bank started coverage on Ctrip in a research note on Monday, February 5th. They issued a “hold” rating and a $50.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Ctrip currently has an average rating of “Buy” and a consensus price target of $55.50.
Institutional investors have recently bought and sold shares of the company. Temasek Holdings Private Ltd raised its holdings in shares of Ctrip by 37.0% during the 3rd quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock worth $382,730,000 after buying an additional 1,959,723 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ctrip by 3.1% during the 4th quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock worth $732,755,000 after buying an additional 497,017 shares in the last quarter. Eaton Vance Management acquired a new position in shares of Ctrip during the 4th quarter worth $489,000. KADENSA CAPITAL Ltd acquired a new position in shares of Ctrip during the 4th quarter worth $1,951,000. Finally, First Trust Advisors LP raised its holdings in shares of Ctrip by 34.4% during the 4th quarter. First Trust Advisors LP now owns 520,422 shares of the company’s stock worth $22,951,000 after buying an additional 133,335 shares in the last quarter. 69.25% of the stock is owned by institutional investors.
CTRP traded down $1.19 during trading on Wednesday, hitting $45.43. The stock had a trading volume of 1,718,709 shares, compared to its average volume of 5,249,850. The company has a market capitalization of $23,927.25, a PE ratio of 79.02, a price-to-earnings-growth ratio of 4.50 and a beta of 1.80. Ctrip has a one year low of $42.65 and a one year high of $60.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.51.
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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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