MakeMyTrip (MMYT) Scheduled to Post Quarterly Earnings on Wednesday

MakeMyTrip (NASDAQ:MMYTGet Rating) will issue its quarterly earnings data before the market opens on Wednesday, May 25th. Analysts expect MakeMyTrip to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Shares of MMYT stock opened at $25.28 on Wednesday. The firm’s 50 day moving average price is $25.14 and its 200-day moving average price is $26.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.72 and a current ratio of 2.72. MakeMyTrip has a one year low of $20.06 and a one year high of $36.28. The firm has a market cap of $2.65 billion, a P/E ratio of -74.35 and a beta of 1.25.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Saturday, April 30th. Morgan Stanley began coverage on shares of MakeMyTrip in a report on Thursday, February 24th. They issued an “equal weight” rating and a $29.00 price objective on the stock. Finally, StockNews.com raised shares of MakeMyTrip to a “sell” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of MakeMyTrip by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 55,962 shares of the technology company’s stock valued at $1,550,000 after buying an additional 484 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of MakeMyTrip by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 25,892 shares of the technology company’s stock valued at $718,000 after buying an additional 729 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of MakeMyTrip by 8.4% in the 4th quarter. Sei Investments Co. now owns 13,186 shares of the technology company’s stock valued at $376,000 after buying an additional 1,024 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of MakeMyTrip by 4.2% in the 3rd quarter. Invesco Ltd. now owns 39,706 shares of the technology company’s stock valued at $1,080,000 after buying an additional 1,597 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in MakeMyTrip by 1.8% during the 1st quarter. Allianz Asset Management GmbH now owns 192,077 shares of the technology company’s stock worth $5,153,000 after purchasing an additional 3,454 shares during the period. 42.91% of the stock is currently owned by hedge funds and other institutional investors.

About MakeMyTrip (Get Rating)

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, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. Its services and products include air tickets; hotels; packages; rail tickets; bus tickets; and car hire, as well as ancillary travel requirements, such as visa processing and facilitating access to travel insurance.

Further Reading

Earnings History for MakeMyTrip (NASDAQ:MMYT)

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