MakeMyTrip (NASDAQ:MMYT) Issues Quarterly Earnings Results

MakeMyTrip (NASDAQ:MMYT) issued its earnings results on Wednesday. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm earned $0.18 earnings per share.

MakeMyTrip Price Performance

MMYT stock opened at $103.99 on Friday. The firm has a 50 day moving average of $99.08 and a 200-day moving average 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. The firm has a market capitalization of $11.42 billion, a P/E ratio of 62.27, a price-to-earnings-growth ratio of 5.65 and a beta of 1.28. MakeMyTrip has a 12 month low of $36.81 and a 12 month high of $110.49.

Analyst Upgrades and Downgrades

MMYT has been the topic of a number of recent research reports. Citigroup upped their price target on shares of MakeMyTrip from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America increased their target price on MakeMyTrip from $112.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, StockNews.com upgraded MakeMyTrip from a “sell” rating to a “hold” 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.