Zacks: Analysts Anticipate Ctrip.com International, Ltd. (CTRP) Will Announce Quarterly Sales of $1.15 Billion
Analysts expect Ctrip.com International, Ltd. (NASDAQ:CTRP) to announce $1.15 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ctrip.com International’s earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.13 billion. Ctrip.com International posted sales of $835.55 million during the same quarter last year, which suggests a positive year over year growth rate of 37.6%. The business is expected to issue its next quarterly earnings report on Wednesday, November 22nd.
On average, analysts expect that Ctrip.com International will report full-year sales of $1.15 billion for the current financial year, with estimates ranging from $3.96 billion to $4.01 billion. For the next year, analysts anticipate that the business will report sales of $5.19 billion per share, with estimates ranging from $5.07 billion to $5.35 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Ctrip.com International.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The business had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. During the same quarter last year, the firm earned $0.02 EPS. The firm’s quarterly revenue was up 42.5% on a year-over-year basis.
A number of research firms recently weighed in on CTRP. Zacks Investment Research cut shares of Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company reissued a “buy” rating and issued a $60.00 price target on shares of Ctrip.com International in a research report on Wednesday, July 19th. ValuEngine raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $62.00 price objective on shares of Ctrip.com International in a research report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $57.91.
A number of hedge funds and other institutional investors have recently bought and sold shares of CTRP. Intl Fcstone Inc. bought a new position in shares of Ctrip.com International in the 2nd quarter worth about $246,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Ctrip.com International in the 2nd quarter worth about $304,000. Wasatch Advisors Inc. increased its holdings in shares of Ctrip.com International by 34.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 932,776 shares of the company’s stock worth $50,239,000 after acquiring an additional 239,632 shares during the period. GRATRY & Co LLC increased its holdings in shares of Ctrip.com International by 2.5% in the 2nd quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock worth $329,000 after acquiring an additional 150 shares during the period. Finally, 1st Global Advisors Inc. acquired a new stake in shares of Ctrip.com International in the 2nd quarter worth about $270,000. Hedge funds and other institutional investors own 67.62% of the company’s stock.
Ctrip.com International (CTRP) opened at 52.97 on Friday. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of 168.68 and a beta of 1.69. The firm’s 50 day moving average price is $53.82 and its 200 day moving average price is $52.81.
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Ctrip.com International Company Profile
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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