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

MakeMyTrip (NASDAQ:MMYT) posted its quarterly earnings data on Wednesday. The technology company reported $0.36 earnings per share for the quarter, topping 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 quarter last year, the business earned $0.18 earnings per share.

MakeMyTrip Price Performance

Shares of MakeMyTrip stock traded up $4.84 during midday trading on Thursday, reaching $103.99. The company had a trading volume of 605,680 shares, compared to its average volume of 739,849. 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 company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 62.27, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. The stock has a fifty day simple moving average of $99.08 and a 200 day simple moving average of $86.92. MakeMyTrip has a 1-year low of $36.81 and a 1-year high of $110.49.

Analyst Ratings Changes

Several research firms have recently weighed in on MMYT. Citigroup raised their price objective on shares of MakeMyTrip from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Bank of America raised their price objective on shares of MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com raised shares of MakeMyTrip from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th.

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.