Ctrip.Com International (CTRP) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Ctrip.Com International (NASDAQ:CTRP) issued its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06, Morningstar.com reports. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business posted $0.41 EPS. Ctrip.Com International updated its Q4 2018 guidance to EPS.

Shares of NASDAQ:CTRP opened at $27.22 on Friday. Ctrip.Com International has a 52 week low of $27.50 and a 52 week high of $51.91. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 4.39 and a beta of 1.83.

Several equities research analysts recently weighed in on the stock. Nomura downgraded shares of Ctrip.Com International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $49.00 to $36.00 in a research note on Friday. ValuEngine downgraded shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Thursday. Daiwa Capital Markets downgraded shares of Ctrip.Com International from a “buy” rating to an “underperform” rating and cut their target price for the stock from $45.00 to $30.00 in a research note on Thursday. Benchmark cut their target price on shares of Ctrip.Com International from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Credit Suisse Group downgraded shares of Ctrip.Com International from an “outperform” rating to a “neutral” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.50.

Several large investors have recently made changes to their positions in CTRP. Sumitomo Life Insurance Co. purchased a new stake in shares of Ctrip.Com International in the 3rd quarter valued at approximately $123,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after purchasing an additional 3,419 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after purchasing an additional 2,383 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Ctrip.Com International by 339.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock valued at $181,000 after purchasing an additional 9,888 shares during the last quarter. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of Ctrip.Com International in the 2nd quarter valued at approximately $201,000. 66.85% of the stock is currently owned by institutional investors.

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About Ctrip.Com International

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 for Ctrip.Com International (NASDAQ:CTRP)

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