MakeMyTrip (MMYT) to Release Quarterly Earnings on Thursday

MakeMyTrip (NASDAQ:MMYT) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect MakeMyTrip to post earnings of $0.44 per share and revenue of $265,176.60 billion for the quarter.

MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.10. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%. The company had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. During the same period in the prior year, the firm posted $0.18 EPS. On average, analysts expect MakeMyTrip to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $105.10 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. MakeMyTrip has a fifty-two week low of $46.31 and a fifty-two week high of $123.00. The stock’s 50-day moving average is $111.66 and its two-hundred day moving average is $101.56. The firm has a market cap of $11.54 billion, a P/E ratio of 57.43, a PEG ratio of 6.59 and a beta of 1.29.

Analysts Set New Price Targets

MMYT has been the topic of several research reports. StockNews.com lowered MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Bank of America increased their price objective on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th.

About MakeMyTrip

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.