Ctrip.com International, Ltd. (CTRP) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS
Ctrip.com International, Ltd. (NASDAQ:CTRP) released its earnings data on Wednesday. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.15, AnalystRatings.NET reports. The company had revenue of $277.62 million for the quarter, compared to the consensus estimate of $269.26 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 38.0% on a year-over-year basis.
Ctrip.com International, Ltd. (NASDAQ:CTRP) traded down 0.83% on Wednesday, hitting $64.34. The stock had a trading volume of 3,434,359 shares. Ctrip.com International, Ltd. has a 52-week low of $35.96 and a 52-week high of $68.20. The stock has a 50-day moving average of $61.34 and a 200-day moving average of $52.07. The company has a market cap of $8.749 billion and a P/E ratio of 64.24.
A number of research firms have recently commented on CTRP. Analysts at Barclays raised their price target on shares of Ctrip.com International, Ltd. from $53.00 to $78.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Ctrip.com International, Ltd. from $58.00 to $74.00 in a research note on Monday, June 30th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James downgraded shares of Ctrip.com International, Ltd. from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $63.59.
Ctrip.com International, Ltd. (NASDAQ:CTRP) is a travel service provider for hotel accommodations, airline tickets and packaged tours in China.
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