MakeMyTrip (NASDAQ:MMYT) Issues Quarterly Earnings Results

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

MakeMyTrip Stock Performance

Shares of MMYT stock opened at $104.59 on Thursday. The company has a current ratio of 2.82, a quick ratio of 2.81 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $111.59 and a two-hundred day simple moving average of $102.16. MakeMyTrip has a 12 month low of $47.04 and a 12 month high of $123.00. The firm has a market capitalization of $11.48 billion, a PE ratio of 57.50, a price-to-earnings-growth ratio of 5.36 and a beta of 1.29.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Bank of America raised their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, December 27th.

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.