Zacks: Analysts Anticipate Ctrip.com International, Ltd. (CTRP) Will Post Quarterly Sales of $1.15 Billion
Wall Street brokerages expect that Ctrip.com International, Ltd. (NASDAQ:CTRP) will announce $1.15 billion in sales for the current fiscal quarter, Zacks Investment Research reports. 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 in the same quarter last year, which suggests a positive year over year growth rate of 37.6%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, November 1st.
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 fiscal year, analysts expect that the firm will report sales of $5.19 billion per share, with estimates ranging from $5.07 billion to $5.35 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Ctrip.com International.
Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. During the same period in the previous year, the company earned $0.02 earnings per share. Ctrip.com International’s revenue was up 42.5% on a year-over-year basis.
Several brokerages recently issued reports on CTRP. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $62.00 price objective (down previously from $65.00) on shares of Ctrip.com International in a research note on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research note on Wednesday, July 19th. KeyCorp reissued a “hold” rating on shares of Ctrip.com International in a research note on Friday, September 1st. Zacks Investment Research raised shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Instinet reissued a “buy” rating and set a $61.00 price objective on shares of Ctrip.com International in a research note on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.25.
Several institutional investors have recently bought and sold shares of CTRP. Janus Henderson Group PLC bought a new position in shares of Ctrip.com International in the 2nd quarter worth about $318,276,000. Capital Research Global Investors lifted its position in shares of Ctrip.com International by 37.6% in the 2nd quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock worth $684,941,000 after buying an additional 3,478,011 shares during the last quarter. Hillhouse Capital Management Ltd. lifted its position in shares of Ctrip.com International by 140.6% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 4,812,246 shares of the company’s stock worth $259,188,000 after buying an additional 2,812,246 shares during the last quarter. Capital World Investors lifted its position in shares of Ctrip.com International by 20.5% in the 2nd quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock worth $675,132,000 after buying an additional 2,129,879 shares during the last quarter. Finally, Commonwealth Bank of Australia bought a new position in shares of Ctrip.com International in the 2nd quarter worth about $101,967,000. Institutional investors own 67.53% of the company’s stock.
Ctrip.com International (NASDAQ CTRP) traded up 0.41% during trading on Monday, hitting $48.55. The company had a trading volume of 2,802,570 shares. The stock has a market capitalization of $25.53 billion, a price-to-earnings ratio of 152.67 and a beta of 1.69. The firm’s 50 day moving average is $53.05 and its 200-day moving average is $53.74. Ctrip.com International has a 52-week low of $39.71 and a 52-week high of $60.65.
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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