MakeMyTrip (NASDAQ:MMYT) Issues Earnings Results

MakeMyTrip (NASDAQ:MMYT) announced its quarterly earnings data on Wednesday. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10, RTT News reports. MakeMyTrip had a net margin of 26.11% and a return on equity of 11.04%. During the same period in the prior year, the firm posted $0.18 earnings per share.

MakeMyTrip Stock Performance

MMYT stock traded up $4.84 during mid-day trading on Thursday, hitting $103.99. 605,680 shares of the company were exchanged, compared to its average volume of 739,849. MakeMyTrip has a 1-year low of $36.81 and a 1-year high of $110.49. The stock has a market capitalization of $11.42 billion, a PE ratio of 62.27, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. The business has a 50 day simple moving average of $99.08 and a 200-day simple moving average of $86.92. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MMYT shares. StockNews.com raised MakeMyTrip from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Bank of America lifted their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup increased their price target on MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

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.