Analysts Anticipate Ctrip (CTRP) Will Post Earnings of $0.15 Per Share

Equities analysts expect Ctrip (NASDAQ:CTRP) to announce $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ctrip’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.14. Ctrip reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 650%. The company is scheduled to report its next earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that Ctrip will report full year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.97 to $1.14. For the next year, analysts forecast that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.33 to $1.79. Zacks’ EPS averages are an average based on a survey of analysts that follow Ctrip.

Ctrip (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, March 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The firm had revenue of $987.54 million during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was up 35.3% compared to the same quarter last year.

CTRP has been the subject of a number of recent analyst reports. BidaskClub raised shares of Ctrip from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Zacks Investment Research downgraded shares of Ctrip from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Morgan Stanley initiated coverage on shares of Ctrip in a research report on Friday, January 5th. They set a “weight” rating and a $48.00 price target for the company. Guggenheim downgraded shares of Ctrip from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Finally, TheStreet downgraded shares of Ctrip from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Ctrip presently has an average rating of “Hold” and an average price target of $55.50.

A number of institutional investors and hedge funds have recently made changes to their positions in CTRP. New York State Common Retirement Fund lifted its stake in Ctrip by 290.3% during the third quarter. New York State Common Retirement Fund now owns 262,437 shares of the company’s stock worth $13,841,000 after purchasing an additional 195,200 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in Ctrip during the third quarter worth $4,373,000. Dimensional Fund Advisors LP lifted its stake in Ctrip by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 883,432 shares of the company’s stock worth $46,596,000 after purchasing an additional 37,955 shares during the last quarter. Private Advisor Group LLC bought a new position in Ctrip during the third quarter worth $212,000. Finally, Envestnet Asset Management Inc. lifted its stake in Ctrip by 11.4% during the third quarter. Envestnet Asset Management Inc. now owns 39,383 shares of the company’s stock worth $2,077,000 after purchasing an additional 4,024 shares during the last quarter. Hedge funds and other institutional investors own 69.24% of the company’s stock.

Shares of NASDAQ:CTRP opened at $42.64 on Friday. Ctrip has a 52-week low of $42.36 and a 52-week high of $60.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.51. The company has a market capitalization of $22,536.37, a price-to-earnings ratio of 77.04, a PEG ratio of 4.24 and a beta of 1.80.

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About Ctrip

Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics.

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Earnings History and Estimates for Ctrip (NASDAQ:CTRP)

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