Equities research analysts expect that Ctrip.Com International Ltd (NASDAQ:CTRP) will post $1.26 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Ctrip.Com International’s earnings, with the highest sales estimate coming in at $1.27 billion and the lowest estimate coming in at $1.25 billion. Ctrip.Com International posted sales of $1.11 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.5%. The company is expected to announce its next earnings results after the market closes on Monday, September 9th.

According to Zacks, analysts expect that Ctrip.Com International will report full year sales of $5.32 billion for the current financial year, with estimates ranging from $5.28 billion to $5.38 billion. For the next year, analysts expect that the business will report sales of $6.21 billion, with estimates ranging from $6.02 billion to $6.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ctrip.Com International.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.22. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue was up 12.8% compared to the same quarter last year.

Several brokerages have commented on CTRP. Jefferies Financial Group began coverage on shares of Ctrip.Com International in a report on Monday, August 5th. They issued a “buy” rating and a $47.50 target price for the company. Credit Suisse Group upgraded shares of Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 target price for the company in a research note on Tuesday, July 16th. Barclays dropped their price target on shares of Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. CICC Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Finally, Mizuho raised shares of Ctrip.Com International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $55.00 in a research report on Monday, May 6th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.51.

Shares of CTRP traded down $0.58 during midday trading on Friday, hitting $34.68. The stock had a trading volume of 80,097 shares, compared to its average volume of 3,525,576. Ctrip.Com International has a fifty-two week low of $25.00 and a fifty-two week high of $46.50. The business has a 50-day simple moving average of $36.77 and a two-hundred day simple moving average of $38.08. The firm has a market cap of $19.04 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.45 and a beta of 1.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Several large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its position in shares of Ctrip.Com International by 9.1% during the first quarter. Advisors Asset Management Inc. now owns 4,610 shares of the company’s stock valued at $201,000 after buying an additional 384 shares during the period. United Services Automobile Association boosted its holdings in shares of Ctrip.Com International by 0.4% in the second quarter. United Services Automobile Association now owns 125,683 shares of the company’s stock valued at $4,639,000 after purchasing an additional 467 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Ctrip.Com International by 0.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 191,000 shares of the company’s stock valued at $8,345,000 after purchasing an additional 500 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Ctrip.Com International by 500.0% in the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of Ctrip.Com International by 255.7% in the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Ctrip.Com International Company Profile

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, express security check, and real-time flight status.

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Earnings History and Estimates for Ctrip.Com International (NASDAQ:CTRP)

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