LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Ctrip.com International, Ltd (NASDAQ: CTRP), which can be viewed by registering at http://protraderdaily.com/optin/'symbol=CTRP, following the Company's reporting of its financial results for the second quarter fiscal 2017, on August 30, 2017. The Company's total revenue increased 42.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CTRP. With the links below you can directly download the report of your stock of interest free of charge at:
For three months ended June 30, 2017, Ctrip's total revenue increased 42.3% to ¥6.46 billion from ¥4.54 billion in Q2 FY16. For the reported quarter, the Company's net revenue was $946.38 million. Net revenue surpassed analysts' expectations of $914.4 million.
During Q2 FY17, Ctrip's accommodation reservation revenue increased 29.8% to ¥2.31 billion from ¥1.78 billion in Q2 FY16 and transportation ticketing revenue increased 49.5% to ¥2.99 billion from ¥2.00 billion in Q2 FY16. For the reported quarter, the Company's packaged-tour revenue increased 29.2% to ¥612.30 million from ¥473.93 million in Q2 FY16 and corporate travel revenue increased 35.5% to ¥199.35 million from ¥147.10 million in Q2 FY16
For the reported quarter, the Company's gross profit increased 66.4% to ¥5.29 billion from ¥3.18 billion in Q2 FY16. During Q2 FY17, the Company's gross margin increased 1190 basis points to 81.9% of revenue from 70% of revenue in Q2 FY16.
For the reported quarter, Ctrip's general and administrative (G&A) expenses increased 19.2% to ¥608.20 million from ¥510.11 million in Q2 FY16. During Q2 FY17, the Company's sales and marketing (S&M) expenses increased 49.3% to ¥2.00 billion from ¥1.34 billion in Q2 FY16.
During Q2 FY17, Ctrip's total operating expenses increased 30.3% to ¥4.65 billion from ¥3.57 billion in Q2 FY16. For the reported quarter, the Company's total adjusted operating expenses increased 37.3% to ¥4.12 billion from ¥3.00 billion in Q2 FY16.
During Q2 FY17, the Company's operating income was ¥645.26 million compared to operating loss of ¥395.91 million in Q2 FY16. During Q2 FY17, the Company's adjusted operating income was ¥1.17 billion compared to ¥182.13 million in Q2 FY16. For the reported quarter, Ctrip's adjusted operating margin increased 1400 basis points to 18% of revenue from 4% of revenue in Q2 FY16.
During Q2 FY17, Ctrip's net income was ¥326.87 million compared to net loss of ¥521.25 million in Q2 FY16. For the reported quarter, the Company's adjusted net income increased 1405.1% to ¥854.73 million on a y-o-y basis from ¥56.79 million in Q2 FY16. During Q2 FY17, the Company's diluted earnings per ADS were ¥0.59 ($0.09) compared to negative ¥1.13 ($0.17) in Q2 FY16. During Q2 FY17, the Company's adjusted diluted earnings per ADS increased on a y-o-y basis to ¥1.49 ($0.22) from ¥0.15 ($0.02) in Q2 FY16. The diluted earnings per ADS surpassed analysts' expectation of $0.00.
As on June 30, 2017, Ctrip's cash and cash equivalents decreased 12.1% to ¥16.20 billion from ¥18.43 million in Q4 FY16. During Q2 FY17, the Company's net accounts receivable increased 14.1% to ¥5.27 billion from ¥4.62 billion in Q4 FY16.
During Q2 FY17, Ctrip's accounts payable decreased 3.4% to ¥7.03 billion from ¥7.28 billion in Q4 FY16.
During Q2 FY17, the Company's long-term debt increased 2.7% to ¥35.60 billion from ¥34.65 billion in Q4 FY16.
For Q3 FY17, Ctrip is forecasting net revenue growth to be in the range of 35% to 40%.
On Tuesday, September 19, 2017, the stock closed the trading session at $53.02, marginally down 0.32% from its previous closing price of $53.19. A total volume of 3.11 million shares have exchanged hands. Ctrip.com's stock price surged 5.11% in the last one month, 10.37% in the past six months, and 21.13% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 32.55%. The stock is trading at a PE ratio of 166.73 and currently has a market cap of $28.07 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily