Analysts Expect Ctrip.Com International Ltd (CTRP) Will Post Earnings of $0.23 Per Share

Brokerages expect that Ctrip.Com International Ltd (NASDAQ:CTRP) will announce earnings of $0.23 per share for the current quarter, Zacks reports. Three analysts have made estimates for Ctrip.Com International’s earnings. Ctrip.Com International reported earnings of $0.55 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 58.2%. The business is expected to report its next quarterly earnings results on Tuesday, May 28th.

On average, analysts expect that Ctrip.Com International will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.19 to $1.86. For the next year, analysts forecast that the business will post earnings of $1.77 per share, with EPS estimates ranging from $1.41 to $2.18. Zacks’ EPS averages are an average based on a survey of research analysts that cover Ctrip.Com International.

Several equities research analysts have weighed in on CTRP shares. Morgan Stanley upgraded shares of Ctrip.Com International from an “equal” rating to an “overweight” rating and raised their target price for the company from $32.00 to $43.00 in a research note on Tuesday, March 5th. Deutsche Bank upgraded shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, March 5th. Benchmark restated a “buy” rating on shares of Ctrip.Com International in a research note on Tuesday, March 5th. CLSA upgraded shares of Ctrip.Com International from an “underperform” rating to a “buy” rating and raised their target price for the company from $31.00 to $42.00 in a research note on Tuesday, March 5th. Finally, Sanford C. Bernstein upgraded shares of Ctrip.Com International from a “market perform” rating to an “outperform” rating and set a $41.50 target price for the company in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Ctrip.Com International currently has an average rating of “Buy” and an average price target of $42.36.

Institutional investors have recently modified their holdings of the stock. Blueshift Asset Management LLC purchased a new position in shares of Ctrip.Com International during the fourth quarter worth $790,000. Broad Peak Investment Management LTD. raised its holdings in shares of Ctrip.Com International by 39.7% during the fourth quarter. Broad Peak Investment Management LTD. now owns 117,100 shares of the company’s stock worth $3,169,000 after purchasing an additional 33,300 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Ctrip.Com International by 240.2% during the fourth quarter. Prudential Financial Inc. now owns 21,430 shares of the company’s stock worth $588,000 after purchasing an additional 15,130 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Ctrip.Com International by 2.0% during the third quarter. AQR Capital Management LLC now owns 1,254,446 shares of the company’s stock worth $46,628,000 after purchasing an additional 24,028 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Ctrip.Com International by 606.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 27,545 shares of the company’s stock worth $762,000 after purchasing an additional 23,645 shares during the last quarter. 65.88% of the stock is owned by hedge funds and other institutional investors.

Shares of CTRP opened at $45.13 on Monday. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 1.95 and a beta of 1.55. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $51.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 1.15.

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 and real-time flight status.

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

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