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

MakeMyTrip (NASDAQ:MMYT) posted its earnings results on Wednesday. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.10, RTT News reports. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. During the same quarter in the previous year, the company earned $0.18 EPS.

MakeMyTrip Price Performance

Shares of NASDAQ:MMYT traded up $4.84 during trading on Thursday, hitting $103.99. 605,680 shares of the stock were exchanged, compared to its average volume of 739,849. MakeMyTrip has a 12-month low of $36.81 and a 12-month high of $110.49. The company has a market cap of $11.42 billion, a PE ratio of 62.27, a P/E/G ratio of 5.65 and a beta of 1.28. The company has a fifty day moving average price of $99.08 and a two-hundred day moving average price 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.

Wall Street Analyst Weigh In

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