MakeMyTrip (NASDAQ:MMYT) Issues Earnings Results, Misses Expectations By $0.12 EPS

MakeMyTrip (NASDAQ:MMYT) posted its quarterly earnings data on Thursday. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.12), Zacks reports. MakeMyTrip had a return on equity of 11.54% and a net margin of 26.64%.

MakeMyTrip Stock Up 5.0 %

NASDAQ:MMYT opened at $104.59 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 one year low of $47.04 and a one year high of $123.00. The firm’s 50 day simple moving average is $111.59 and its 200 day simple moving average is $102.16. The company has a market cap of $11.48 billion, a PE ratio of 57.50, a P/E/G ratio of 5.36 and a beta of 1.29.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MMYT shares. Bank of America lifted their price target on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th.

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.