Analysts Expect Ctrip.Com International Ltd (CTRP) Will Announce Quarterly Sales of $1.37 Billion
Equities research analysts expect Ctrip.Com International Ltd (NASDAQ:CTRP) to announce sales of $1.37 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ctrip.Com International’s earnings. The highest sales estimate is $1.39 billion and the lowest is $1.36 billion. Ctrip.Com International posted sales of $1.19 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Ctrip.Com International will report full year sales of $4.60 billion for the current fiscal year, with estimates ranging from $4.52 billion to $4.72 billion. For the next financial year, analysts forecast that the firm will post sales of $5.72 billion per share, with estimates ranging from $5.62 billion to $5.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Ctrip.Com International.
Several brokerages have issued reports on CTRP. BidaskClub downgraded Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Saturday, June 23rd. Zacks Investment Research raised Ctrip.Com International from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a report on Monday, June 25th. Nomura cut their price target on Ctrip.Com International from $52.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, September 13th. Cowen reaffirmed a “buy” rating and set a $51.00 price target on shares of Ctrip.Com International in a report on Sunday, July 1st. Finally, TheStreet raised Ctrip.Com International from a “c+” rating to a “b-” rating in a report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.23.
Ctrip.Com International stock traded up $0.05 during mid-day trading on Tuesday, hitting $39.53. 143,450 shares of the company’s stock traded hands, compared to its average volume of 5,010,825. Ctrip.Com International has a fifty-two week low of $35.95 and a fifty-two week high of $56.46. The company has a market capitalization of $20.95 billion, a price-to-earnings ratio of 66.64, a P/E/G ratio of 1.97 and a beta of 1.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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