Zacks: Analysts Anticipate Ctrip.Com International Ltd (CTRP) Will Post Quarterly Sales of $970.64 Million

Analysts predict that Ctrip.Com International Ltd (NASDAQ:CTRP) will post $970.64 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Ctrip.Com International’s earnings, with estimates ranging from $954.60 million to $994.90 million. Ctrip.Com International posted sales of $729.84 million in the same quarter last year, which suggests a positive year-over-year growth rate of 33%. The business is scheduled to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Ctrip.Com International will report full year sales of $970.64 million for the current financial year, with estimates ranging from $3.96 billion to $4.14 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.93 billion per share, with estimates ranging from $4.75 billion to $5.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Ctrip.Com International.

Ctrip.Com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, November 1st. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.26. Ctrip.Com International had a net margin of 8.92% and a return on equity of 2.92%.

A number of research analysts recently issued reports on CTRP shares. Barclays started coverage on shares of Ctrip.Com International in a research note on Monday, October 9th. They issued an “overweight” rating and a $62.00 price objective on the stock. Cowen reissued a “buy” rating and issued a $57.00 price objective on shares of Ctrip.Com International in a research note on Sunday, October 8th. JPMorgan Chase & Co. cut shares of Ctrip.Com International from an “overweight” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Thursday, December 7th. BidaskClub cut shares of Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Finally, Oppenheimer reissued a “buy” rating and issued a $58.00 price objective (down from $62.00) on shares of Ctrip.Com International in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $56.91.

Ctrip.Com International (CTRP) opened at $46.85 on Friday. The stock has a market cap of $24,045.29, a P/E ratio of 78.08 and a beta of 1.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. Ctrip.Com International has a one year low of $42.53 and a one year high of $60.65.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GRATRY & Co LLC grew its stake in shares of Ctrip.Com International by 2.5% during the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock worth $329,000 after buying an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Ctrip.Com International by 3.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,800 shares of the company’s stock worth $747,000 after buying an additional 440 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Ctrip.Com International by 6.2% during the second quarter. Ameritas Investment Partners Inc. now owns 7,983 shares of the company’s stock worth $430,000 after buying an additional 465 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Ctrip.Com International by 12.6% during the second quarter. MML Investors Services LLC now owns 7,819 shares of the company’s stock worth $421,000 after buying an additional 874 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of Ctrip.Com International by 21.9% during the third quarter. Sit Investment Associates Inc. now owns 6,125 shares of the company’s stock worth $323,000 after buying an additional 1,100 shares during the last quarter. 68.38% of the stock is currently owned by hedge funds and other institutional investors.

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Ctrip.Com International Company Profile

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

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

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