Zacks: Brokerages Expect Ctrip.Com International Ltd (CTRP) Will Post Quarterly Sales of $1.37 Billion

Equities research analysts expect Ctrip.Com International Ltd (NASDAQ:CTRP) to report $1.37 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ctrip.Com International’s earnings. The highest sales estimate is $1.39 billion and the lowest is $1.36 billion. Ctrip.Com International reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 15.1%. The firm is expected to report its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Ctrip.Com International will report full year sales of $4.60 billion for the current fiscal year, with estimates ranging from $4.52 billion to $4.72 billion. For the next fiscal year, analysts anticipate that the company will report sales of $5.72 billion, with estimates ranging from $5.62 billion to $5.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Ctrip.Com International.

CTRP has been the subject of several research reports. Barclays lowered their price target on shares of Ctrip.Com International from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 30th. Zacks Investment Research lowered shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Bank of America reduced their price objective on shares of Ctrip.Com International from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, September 14th. TheStreet lowered shares of Ctrip.Com International from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. Finally, UBS Group reduced their price objective on shares of Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.23.

Several large investors have recently added to or reduced their stakes in CTRP. Cambiar Investors LLC acquired a new stake in shares of Ctrip.Com International in the second quarter worth $194,177,000. Winslow Capital Management LLC boosted its holdings in Ctrip.Com International by 9,329,640.0% during the second quarter. Winslow Capital Management LLC now owns 3,265,409 shares of the company’s stock worth $155,532,000 after buying an additional 3,265,374 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Ctrip.Com International by 155.8% during the second quarter. Canada Pension Plan Investment Board now owns 2,416,017 shares of the company’s stock worth $115,075,000 after buying an additional 1,471,464 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Ctrip.Com International by 6.8% during the second quarter. OppenheimerFunds Inc. now owns 19,665,726 shares of the company’s stock worth $936,679,000 after buying an additional 1,255,050 shares in the last quarter. Finally, Waddell & Reed Financial Inc. purchased a new stake in Ctrip.Com International during the second quarter worth $34,339,000. Hedge funds and other institutional investors own 66.56% of the company’s stock.

Shares of CTRP opened at $34.40 on Friday. Ctrip.Com International has a fifty-two week low of $35.17 and a fifty-two week high of $56.46. The company has a market capitalization of $20.10 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35.

Ctrip.Com International Company Profile

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 and real-time flight status.

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

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