MakeMyTrip (MMYT) Expected to Announce Quarterly Earnings on Thursday

MakeMyTrip (NASDAQ:MMYT) is anticipated to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $265,176.60 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

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

MakeMyTrip Stock Down 6.8 %

MMYT stock opened at $99.59 on Wednesday. MakeMyTrip has a 52-week low of $47.04 and a 52-week high of $123.00. The company’s 50 day simple moving average is $111.68 and its 200-day simple moving average is $102.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The firm has a market capitalization of $10.93 billion, a P/E ratio of 54.42, a P/E/G ratio of 5.75 and a beta of 1.29.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MMYT. Bank of America boosted their price target on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a report on Friday, December 27th. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

MakeMyTrip Company Profile

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.