Brokers Set Expectations for Ctrip.com International, Ltd.’s FY2018 Earnings (CTRP)
Ctrip.com International, Ltd. (NASDAQ:CTRP) – Research analysts at Oppenheimer Holdings reduced their FY2018 earnings per share estimates for Ctrip.com International in a report released on Tuesday. Oppenheimer Holdings analyst J. Kelly now expects that the company will post earnings of $0.47 per share for the year, down from their previous forecast of $0.65. Oppenheimer Holdings has a “Buy” rating and a $58.00 price target on the stock. Oppenheimer Holdings also issued estimates for Ctrip.com International’s FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.42 EPS.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.11). The business had revenue of $946.38 million for the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The firm’s revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS.
CTRP has been the topic of several other reports. BidaskClub downgraded Ctrip.com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and issued a $60.00 target price on shares of Ctrip.com International in a report on Tuesday, August 22nd. Barclays PLC started coverage on Ctrip.com International in a report on Monday, October 9th. They issued an “overweight” rating and a $62.00 target price on the stock. Zacks Investment Research downgraded Ctrip.com International from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Benchmark Co. reduced their target price on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.42.
Several hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp acquired a new position in shares of Ctrip.com International in the 3rd quarter valued at $3,291,000. American Century Companies Inc. increased its position in shares of Ctrip.com International by 16.3% in the 3rd quarter. American Century Companies Inc. now owns 511,779 shares of the company’s stock valued at $26,991,000 after buying an additional 71,626 shares in the last quarter. Pillar Pacific Capital Management LLC increased its position in shares of Ctrip.com International by 1.9% in the 3rd quarter. Pillar Pacific Capital Management LLC now owns 108,135 shares of the company’s stock valued at $5,703,000 after buying an additional 1,970 shares in the last quarter. Newport Asia LLC increased its position in shares of Ctrip.com International by 4.3% in the 3rd quarter. Newport Asia LLC now owns 2,376,700 shares of the company’s stock valued at $125,347,000 after buying an additional 98,100 shares in the last quarter. Finally, Westpac Banking Corp bought a new stake in shares of Ctrip.com International in the 3rd quarter valued at $3,317,000. 67.63% of the stock is currently owned by institutional investors.
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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