Q2 2018 EPS Estimates for Yatra Online, Inc. Reduced by Analyst (NASDAQ:YTRA)
Yatra Online, Inc. (NASDAQ:YTRA) – Investment analysts at Oppenheimer Holdings reduced their Q2 2018 earnings per share estimates for shares of Yatra Online in a note issued to investors on Tuesday. Oppenheimer Holdings analyst J. Kelly now anticipates that the technology company will post earnings of ($0.35) per share for the quarter, down from their prior estimate of ($0.31). Oppenheimer Holdings has a “Outperform” rating and a $15.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Yatra Online’s Q3 2018 earnings at ($0.21) EPS, Q4 2018 earnings at ($0.21) EPS, FY2018 earnings at ($2.19) EPS, FY2019 earnings at ($0.70) EPS and FY2020 earnings at ($0.25) EPS.
A number of other analysts have also issued reports on the stock. CIBC assumed coverage on shares of Yatra Online in a research report on Wednesday, July 12th. They set an “outperform” rating and a $15.00 target price on the stock. Deutsche Bank AG assumed coverage on shares of Yatra Online in a report on Thursday, June 15th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Macquarie assumed coverage on shares of Yatra Online in a report on Monday, June 5th. They issued an “outperform” rating and a $14.80 price target on the stock.
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Shares of Yatra Online (NASDAQ YTRA) remained flat at $9.71 during mid-day trading on Friday. 58,467 shares of the company were exchanged. The stock’s market capitalization is $328.65 million. The firm has a 50-day moving average of $11.09 and a 200 day moving average of $9.76. Yatra Online has a 52-week low of $7.71 and a 52-week high of $12.85.
Yatra Online (NASDAQ:YTRA) last announced its earnings results on Monday, August 7th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.04. The firm had revenue of $46.84 million during the quarter, compared to analysts’ expectations of $24.09 million. Yatra Online had a negative net margin of 90.85% and a negative return on equity of 51,721.07%.
Several institutional investors have recently made changes to their positions in YTRA. Ameriprise Financial Inc. bought a new position in shares of Yatra Online during the second quarter worth $796,000. Royce & Associates LP bought a new position in shares of Yatra Online during the second quarter worth $843,000. Silver Capital Management LLC bought a new position in shares of Yatra Online during the second quarter worth $612,000. Finally, Spark Investment Management LLC bought a new position in shares of Yatra Online during the second quarter worth $706,000. Institutional investors own 22.93% of the company’s stock.
About Yatra Online
Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.
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