Q2 2019 EPS Estimates for Ctrip.Com International Ltd Reduced by Oppenheimer (NASDAQ:CTRP)

Ctrip.Com International Ltd (NASDAQ:CTRP) – Equities research analysts at Oppenheimer cut their Q2 2019 earnings per share estimates for Ctrip.Com International in a report released on Thursday, June 27th, Zacks Investment Research reports. Oppenheimer analyst J. Kelly now expects that the company will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.19. Oppenheimer also issued estimates for Ctrip.Com International’s Q3 2019 earnings at $0.39 EPS and FY2019 earnings at $0.91 EPS.

CTRP has been the subject of several other reports. Daiwa Capital Markets upgraded shares of Ctrip.Com International from an “underperform” rating to an “outperform” rating in a report on Thursday, May 23rd. Mizuho raised shares of Ctrip.Com International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $35.00 to $55.00 in a research report on Monday, May 6th. BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Barclays set a $34.00 price target on shares of DCP Midstream and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, Macquarie set a $325.00 target price on shares of Arista Networks and gave the company a “buy” rating in a research note on Friday, May 3rd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.22.

Shares of CTRP stock traded up $2.20 during trading hours on Monday, reaching $40.76. The stock had a trading volume of 5,866,354 shares, compared to its average volume of 4,557,940. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $46.50. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27. The company’s 50-day simple moving average is $36.43. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 2.92 and a beta of 1.56.

Ctrip.Com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.22. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Ctrip.Com International by 37.9% during the 4th quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock valued at $675,341,000 after acquiring an additional 6,861,461 shares during the period. Norges Bank bought a new position in Ctrip.Com International during the 4th quarter valued at approximately $120,953,000. RWC Asset Advisors US LLC bought a new position in Ctrip.Com International during the 4th quarter valued at approximately $62,012,000. Acadian Asset Management LLC purchased a new stake in Ctrip.Com International during the 1st quarter valued at $87,080,000. Finally, Artisan Partners Limited Partnership boosted its stake in Ctrip.Com International by 3,758.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,871,417 shares of the company’s stock valued at $81,762,000 after purchasing an additional 1,822,910 shares during the last quarter. Hedge funds and other institutional investors own 62.11% of the company’s stock.

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, express security check, and real-time flight status.

Further Reading: Do equity income investments outperform growth and income investments?

Get a free copy of the Zacks research report on Ctrip.Com International (CTRP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ctrip.Com International (NASDAQ:CTRP)

Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.