MakeMyTrip Limited (MMYT) Forecasted to Earn FY2018 Earnings of ($2.24) Per Share
MakeMyTrip Limited (NASDAQ:MMYT) – Stock analysts at Jefferies Group issued their FY2018 earnings estimates for shares of MakeMyTrip Limited in a research note issued on Thursday. Jefferies Group analyst A. Sen anticipates that the technology company will earn ($2.24) per share for the year. Jefferies Group has a “Hold” rating and a $32.00 price target on the stock. Jefferies Group also issued estimates for MakeMyTrip Limited’s FY2019 earnings at ($1.57) EPS and FY2020 earnings at ($0.99) EPS.
Other analysts have also recently issued reports about the company. BidaskClub cut MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. TheStreet raised MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. MakeMyTrip Limited currently has an average rating of “Hold” and an average price target of $32.30.
MakeMyTrip Limited (NASDAQ:MMYT) opened at 29.90 on Monday. The company’s market cap is $2.91 billion. The firm has a 50-day moving average price of $32.59 and a 200 day moving average price of $33.87. MakeMyTrip Limited has a one year low of $17.71 and a one year high of $40.90.
MakeMyTrip Limited (NASDAQ:MMYT) last announced its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by $0.14. The firm had revenue of $141.21 million during the quarter, compared to the consensus estimate of $110.67 million. MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. The firm’s revenue was up 139.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.73) EPS.
Several hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of MakeMyTrip Limited by 12.7% in the second quarter. D.A. Davidson & CO. now owns 3,553 shares of the technology company’s stock worth $119,000 after buying an additional 399 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MakeMyTrip Limited during the first quarter worth approximately $202,000. Credit Suisse AG bought a new stake in shares of MakeMyTrip Limited during the first quarter worth approximately $242,000. Airain ltd bought a new stake in shares of MakeMyTrip Limited during the second quarter worth approximately $256,000. Finally, California Public Employees Retirement System bought a new stake in shares of MakeMyTrip Limited during the second quarter worth approximately $262,000. 42.56% of the stock is currently owned by hedge funds and other institutional investors.
MakeMyTrip Limited Company Profile
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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