Zacks: Brokerages Expect Ctrip.Com International Ltd (CTRP) Will Post Quarterly Sales of $1.37 Billion

Wall Street brokerages forecast that Ctrip.Com International Ltd (NASDAQ:CTRP) will post $1.37 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Ctrip.Com International’s earnings. The lowest sales estimate is $1.35 billion and the highest is $1.37 billion. Ctrip.Com International posted sales of $1.19 billion during the same quarter last year, which suggests a positive year over year growth rate of 15.1%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, November 7th.

According to Zacks, analysts expect that Ctrip.Com International will report full-year sales of $4.59 billion for the current year, with estimates ranging from $4.44 billion to $4.72 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.60 billion, with estimates ranging from $5.42 billion to $5.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ctrip.Com International.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.13. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.15 billion. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%.



Several research analysts have weighed in on CTRP shares. BidaskClub raised shares of Ctrip.Com International from a “strong sell” rating to a “sell” rating in a report on Saturday, October 13th. Zacks Investment Research lowered shares of Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a report on Monday, July 9th. Wells Fargo & Co decreased their price objective on shares of Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a report on Thursday, September 6th. ValuEngine raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Finally, TheStreet lowered shares of Ctrip.Com International from a “b-” rating to a “c+” rating in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.31.

Institutional investors have recently bought and sold shares of the company. Sumitomo Life Insurance Co. bought a new position in shares of Ctrip.Com International in the 3rd quarter worth about $123,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock worth $172,000 after buying an additional 3,419 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after buying an additional 2,383 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in shares of Ctrip.Com International in the 2nd quarter worth about $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Ctrip.Com International in the 2nd quarter worth about $225,000. Institutional investors own 66.77% of the company’s stock.

CTRP stock traded up $0.27 during mid-day trading on Monday, hitting $31.11. 4,993,877 shares of the company were exchanged, compared to its average volume of 6,778,584. The firm has a market cap of $16.68 billion, a P/E ratio of 52.73, a P/E/G ratio of 3.36 and a beta of 1.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35. Ctrip.Com International has a twelve month low of $29.66 and a twelve month high of $51.91.

About Ctrip.Com International

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.

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