Ctrip.Com International Ltd (NASDAQ:CTRP) Expected to Announce Earnings of $0.30 Per Share

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Wall Street brokerages expect Ctrip.Com International Ltd (NASDAQ:CTRP) to report earnings per share (EPS) of $0.30 for the current quarter, according to Zacks. Three analysts have issued estimates for Ctrip.Com International’s earnings, with estimates ranging from $0.29 to $0.30. Ctrip.Com International reported earnings per share of $0.29 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is expected to announce its next earnings report on Wednesday, September 4th.

On average, analysts expect that Ctrip.Com International will report full year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.31 to $1.36. For the next financial year, analysts expect that the company will post earnings of $1.73 per share, with EPS estimates ranging from $1.55 to $1.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Ctrip.Com International.

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

A number of research firms have issued reports on CTRP. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Mizuho upgraded Ctrip.Com International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $35.00 to $55.00 in a research note on Monday, May 6th. Zacks Investment Research downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. Barclays set a $34.00 price target on DCP Midstream and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Finally, CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $42.22.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Ctrip.Com International by 500.0% in the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock worth $26,000 after buying an additional 500 shares during the last quarter. FTB Advisors Inc. purchased a new position in Ctrip.Com International in the first quarter valued at approximately $31,000. Cornerstone Advisors Inc. lifted its stake in Ctrip.Com International by 255.7% in the first 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 lifted its stake in Ctrip.Com International by 2,377.8% in the first 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. purchased a new position in Ctrip.Com International in the first quarter valued at approximately $96,000. Hedge funds and other institutional investors own 62.22% of the company’s stock.

CTRP stock opened at $39.19 on Wednesday. The firm has a market cap of $21.19 billion, a P/E ratio of 41.69, a P/E/G ratio of 3.00 and a beta of 1.56. 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 52-week low of $25.00 and a 52-week high of $46.50. The company’s 50-day moving average is $36.92.

About Ctrip.Com International

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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