MakeMyTrip (NASDAQ:MMYT) Issues Earnings Results

MakeMyTrip (NASDAQ:MMYT) announced its earnings results on Wednesday. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $210.99 million for the quarter, compared to the consensus estimate of $214.90 million. During the same period last year, the business posted $0.18 EPS.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT traded down $0.29 on Friday, reaching $103.70. 88,431 shares of the company were exchanged, compared to its average volume of 736,702. The company has a 50-day moving average of $99.08 and a 200-day moving average of $86.92. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 61.53, a price-to-earnings-growth ratio of 5.88 and a beta of 1.28. MakeMyTrip has a 1-year low of $36.81 and a 1-year high of $110.49.

Analysts Set New Price Targets

A number of brokerages have commented on MMYT. Bank of America upped their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Citigroup raised their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th.

MakeMyTrip Company Profile

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.