Brokerages Anticipate Ctrip.Com International Ltd (NASDAQ:CTRP) Will Announce Quarterly Sales of $1.26 Billion

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Equities analysts expect that Ctrip.Com International Ltd (NASDAQ:CTRP) will announce sales of $1.26 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Ctrip.Com International’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.27 billion. Ctrip.Com International posted sales of $1.11 billion during the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The business is scheduled to issue its next earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Ctrip.Com International will report full-year sales of $5.32 billion for the current fiscal year, with estimates ranging from $5.28 billion to $5.38 billion. For the next financial year, analysts forecast that the firm will post sales of $6.21 billion, with estimates ranging from $6.02 billion to $6.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Ctrip.Com International.

Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.22. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $0.55 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year.

Several analysts have recently weighed in on CTRP shares. Credit Suisse Group lowered Kingfisher from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. CICC Research raised Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Mizuho raised Ctrip.Com International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.00 to $55.00 in a report on Monday, May 6th. Barclays set a $34.00 price objective on DCP Midstream and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, Macquarie set a $325.00 price objective on Arista Networks and gave the stock a “buy” rating in a report on Friday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Ctrip.Com International currently has an average rating of “Buy” and an average price target of $42.22.

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Ctrip.Com International by 500.0% in the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after buying an additional 500 shares in the last quarter. FTB Advisors Inc. bought a new position in Ctrip.Com International in the 1st quarter valued at $31,000. Cornerstone Advisors Inc. raised its position in Ctrip.Com International by 255.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Ctrip.Com International by 2,377.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Ctrip.Com International in the 1st quarter valued at $96,000. 62.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of CTRP stock opened at $39.19 on Friday. The firm has a 50 day moving average of $36.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $46.50. The company has a market cap of $21.19 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 3.00 and a beta of 1.56.

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, express security check, and real-time flight status.

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Earnings History and Estimates for Ctrip.Com International (NASDAQ:CTRP)

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