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

MakeMyTrip (NASDAQ:MMYT) released its earnings results 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%. During the same period in the previous year, the firm earned $0.18 earnings per share.

MakeMyTrip Trading Up 4.9 %

Shares of MMYT opened at $103.99 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.77 and a debt-to-equity ratio of 0.19. The stock has a market cap of $11.42 billion, a PE ratio of 61.53, a PEG ratio of 5.88 and a beta of 1.28. MakeMyTrip has a 1 year low of $36.81 and a 1 year high of $110.49. The stock has a 50 day simple moving average of $99.08 and a 200-day simple moving average of $86.92.

Analysts Set New Price Targets

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

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.