MakeMyTrip (NASDAQ:MMYT) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

MakeMyTrip (NASDAQ:MMYT) announced its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate 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%. The business had revenue of $210.99 million for the quarter, compared to analyst estimates of $214.90 million. During the same period in the prior year, the business posted $0.18 earnings per share.

MakeMyTrip Trading Down 1.2 %

MMYT opened at $102.71 on Friday. The firm’s fifty day moving average is $99.24 and its two-hundred day moving average is $87.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.77 and a current ratio of 2.78. The firm has a market cap of $11.28 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 5.88 and a beta of 1.28. MakeMyTrip has a twelve month low of $36.81 and a twelve month high of $110.49.

Wall Street Analysts Forecast Growth

MMYT has been the topic of several analyst reports. StockNews.com upgraded shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Bank of America increased their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup increased their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a report 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.