MakeMyTrip (NASDAQ:MMYT) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

MakeMyTrip (NASDAQ:MMYT) issued its quarterly earnings data on Thursday. The technology company reported $0.32 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 Trading Up 3.6 %

MakeMyTrip stock opened at $103.15 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.81. The firm has a 50-day moving average of $111.59 and a 200-day moving average of $102.16. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 56.37, a P/E/G ratio of 5.36 and a beta of 1.29. MakeMyTrip has a one year low of $47.04 and a one year high of $123.00.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MMYT. StockNews.com downgraded MakeMyTrip from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Bank of America lifted their target price on MakeMyTrip from $119.00 to $130.00 and gave the company a “buy” rating in a research report 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.