MakeMyTrip (NASDAQ:MMYT) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

MakeMyTrip (NASDAQ:MMYT) announced its quarterly earnings data on Thursday. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.12), Zacks reports. MakeMyTrip had a net margin of 26.64% and a return on equity of 11.54%.

MakeMyTrip Stock Performance

Shares of NASDAQ MMYT opened at $109.07 on Friday. The firm’s 50-day moving average price is $111.92 and its 200-day moving average price is $102.37. The company has a quick ratio of 2.81, a current ratio of 2.82 and a debt-to-equity ratio of 0.19. The company has a market cap of $11.97 billion, a PE ratio of 59.60, a PEG ratio of 5.55 and a beta of 1.29. MakeMyTrip has a 52-week low of $47.52 and a 52-week high of $123.00.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America increased their price objective on shares of MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, December 27th. StockNews.com downgraded shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday.

MakeMyTrip Company Profile

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.