MakeMyTrip Limited (NASDAQ:MMYT) – Equities researchers at Jefferies Group issued their Q3 2018 earnings estimates for MakeMyTrip in a report issued on Wednesday. Jefferies Group analyst A. Sen forecasts that the technology company will post earnings per share of ($0.50) for the quarter. Jefferies Group currently has a “Hold” rating and a $31.50 price target on the stock.
MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.45) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.72) by $0.27. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The firm had revenue of $139.20 million during the quarter, compared to the consensus estimate of $110.72 million. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. The business’s quarterly revenue was up 161.7% on a year-over-year basis.
Shares of MakeMyTrip (NASDAQ MMYT) opened at $31.80 on Friday. MakeMyTrip has a 12 month low of $22.40 and a 12 month high of $40.90. The company has a market cap of $2,860.32, a P/E ratio of -16.48 and a beta of 0.17.
Several institutional investors have recently added to or reduced their stakes in MMYT. D.A. Davidson & CO. boosted its holdings in shares of MakeMyTrip by 12.7% in the second quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock valued at $119,000 after buying an additional 399 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of MakeMyTrip in the third quarter valued at approximately $135,000. Legal & General Group Plc acquired a new position in shares of MakeMyTrip in the third quarter valued at approximately $238,000. Majedie Asset Management Ltd acquired a new position in shares of MakeMyTrip in the third quarter valued at approximately $259,000. Finally, California Public Employees Retirement System acquired a new position in MakeMyTrip during the second quarter worth $262,000. Institutional investors own 44.87% of the company’s stock.
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MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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