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

MakeMyTrip (NASDAQ:MMYT) posted its earnings results on Wednesday. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10, RTT News reports. MakeMyTrip had a return on equity of 11.04% and a net margin of 26.11%. During the same period last year, the firm earned $0.18 EPS.

MakeMyTrip Stock Up 4.9 %

MMYT opened at $103.99 on Friday. MakeMyTrip has a one year low of $36.81 and a one year high of $110.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.77 and a current ratio of 2.78. The stock has a market capitalization of $11.42 billion, a P/E ratio of 61.53, a price-to-earnings-growth ratio of 5.88 and a beta of 1.28. The business’s 50-day simple moving average is $99.08 and its 200-day simple moving average is $86.92.

Wall Street Analyst Weigh In

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

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.