Equities research analysts expect Ctrip.Com International Ltd (NASDAQ:CTRP) to announce sales of $1.04 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ctrip.Com International’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.03 billion. Ctrip.Com International posted sales of $980.45 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The business is expected to report its next quarterly earnings report on Wednesday, March 13th.

On average, analysts expect that Ctrip.Com International will report full-year sales of $4.50 billion for the current fiscal year, with estimates ranging from $4.39 billion to $4.63 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.22 billion, with estimates ranging from $5.15 billion to $5.38 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Ctrip.Com International.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. Ctrip.Com International had a return on equity of 4.78% and a net margin of 9.73%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $0.41 earnings per share.

A number of equities analysts have recently weighed in on the company. BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Zacks Investment Research cut Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Barclays set a $45.00 price target on Ctrip.Com International and gave the stock a “buy” rating in a report on Thursday, October 18th. ValuEngine cut Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Ctrip.Com International in a research note on Friday, November 9th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.63.

A number of institutional investors have recently added to or reduced their stakes in CTRP. Sumitomo Life Insurance Co. purchased a new stake in Ctrip.Com International during the third quarter valued at about $123,000. PNC Financial Services Group Inc. grew its position in Ctrip.Com International by 174.3% during the second quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after acquiring an additional 2,383 shares during the period. Advisors Asset Management Inc. grew its position in Ctrip.Com International by 339.6% during the second quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock valued at $181,000 after acquiring an additional 9,888 shares during the period. 180 Wealth Advisors LLC purchased a new stake in Ctrip.Com International during the second quarter valued at about $201,000. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in Ctrip.Com International during the second quarter valued at about $225,000. Hedge funds and other institutional investors own 62.60% of the company’s stock.

Shares of NASDAQ CTRP traded up $0.01 during trading on Friday, reaching $26.41. The company had a trading volume of 2,434,863 shares, compared to its average volume of 7,299,755. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $51.91. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.29.

Ctrip.Com International Company Profile

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 and real-time flight status.

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

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