-$0.46 EPS Expected for MakeMyTrip Limited (NASDAQ:MMYT) This Quarter
Equities analysts expect MakeMyTrip Limited (NASDAQ:MMYT) to announce earnings per share (EPS) of ($0.46) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MakeMyTrip Limited’s earnings, with the lowest EPS estimate coming in at ($0.50) and the highest estimate coming in at ($0.42). MakeMyTrip Limited reported earnings of ($0.34) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 35.3%. The firm is scheduled to report its next earnings results on Wednesday, July 26th.
On average, analysts expect that MakeMyTrip Limited will report full year earnings of ($1.87) per share for the current year, with EPS estimates ranging from ($2.04) to ($1.70). For the next financial year, analysts anticipate that the firm will post earnings of ($0.65) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for MakeMyTrip Limited.
A number of research analysts have commented on MMYT shares. Zacks Investment Research raised MakeMyTrip Limited from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Saturday, May 6th. ValuEngine raised MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.23.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new position in shares of MakeMyTrip Limited during the first quarter valued at about $80,600,000. Janus Capital Management LLC increased its stake in MakeMyTrip Limited by 2.1% in the first quarter. Janus Capital Management LLC now owns 2,209,098 shares of the technology company’s stock valued at $76,435,000 after buying an additional 44,839 shares during the last quarter. JHL Capital Group LLC bought a new stake in MakeMyTrip Limited during the first quarter valued at $43,250,000. Soros Fund Management LLC increased its stake in MakeMyTrip Limited by 12.6% in the first quarter. Soros Fund Management LLC now owns 769,358 shares of the technology company’s stock valued at $26,620,000 after buying an additional 85,900 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in MakeMyTrip Limited during the first quarter valued at $26,476,000. 42.12% of the stock is owned by hedge funds and other institutional investors.
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MakeMyTrip Limited (NASDAQ:MMYT) traded up 2.65% during midday trading on Tuesday, reaching $32.90. The company had a trading volume of 355,052 shares. The stock’s market capitalization is $2.57 billion. MakeMyTrip Limited has a one year low of $15.39 and a one year high of $40.90. The company has a 50-day moving average price of $32.76 and a 200-day moving average price of $32.44.
About MakeMyTrip Limited
MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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