MakeMyTrip (NASDAQ:MMYT – Get Free Report) issued its quarterly earnings results on Wednesday. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10, RTT News reports. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. The firm had revenue of $210.99 million for the quarter, compared to analysts’ expectations of $214.90 million. During the same period in the previous year, the firm posted $0.18 EPS.
MakeMyTrip Stock Down 1.2 %
Shares of MMYT traded down $1.28 during trading hours on Friday, hitting $102.71. The company had a trading volume of 435,415 shares, compared to its average volume of 738,378. The company’s fifty day moving average price is $99.24 and its two-hundred day moving average price is $87.17. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. MakeMyTrip has a one year low of $36.81 and a one year high of $110.49. The company has a market capitalization of $11.28 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 5.88 and a beta of 1.28.
Wall Street Analyst Weigh In
A number of research firms have commented on MMYT. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Citigroup increased their price target on MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Bank of America lifted their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday.
About MakeMyTrip
MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.
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