Corporacion America Airports (NYSE:CAAP) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Corporacion America Airports (NYSE:CAAPGet Free Report) released its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.04), FiscalAI reports. Corporacion America Airports had a return on equity of 15.93% and a net margin of 12.59%.The firm had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $470.63 million.

Here are the key takeaways from Corporacion America Airports’ conference call:

  • Strong Q1 performance highlighted 7% passenger growth, 19% revenue growth, and 26% adjusted EBITDA growth, showing operating leverage across the portfolio.
  • Management said international traffic was the main driver, with solid demand in Argentina, Italy, Brazil, Armenia, and Ecuador supporting broad-based growth.
  • Commercial revenue outpaced traffic, rising 21% thanks to higher fuel, cargo, duty-free, food and beverage, VIP lounge, and parking activity, while revenue per passenger increased to $22.7.
  • The company reported a stronger balance sheet, with net debt falling to $419 million and net leverage at 0.5x, and noted that it is considering a dividend policy.
  • Strategically, Corporación América Airports secured a 35-year extension in Armenia plus a $425 million investment program, while progress continues on Argentina, Italy, Iraq, and Angola opportunities.

Corporacion America Airports Stock Performance

Corporacion America Airports stock traded up $0.73 during midday trading on Thursday, reaching $24.58. The stock had a trading volume of 110,873 shares, compared to its average volume of 264,165. The firm has a market capitalization of $4.06 billion, a PE ratio of 15.93, a P/E/G ratio of 0.62 and a beta of 0.68. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $25.48 and its 200 day moving average price is $25.77. Corporacion America Airports has a 12 month low of $17.36 and a 12 month high of $30.50.

Institutional Trading of Corporacion America Airports

A number of institutional investors have recently modified their holdings of CAAP. Qube Research & Technologies Ltd lifted its stake in shares of Corporacion America Airports by 328.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company’s stock valued at $1,318,000 after buying an additional 49,882 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Corporacion America Airports by 49.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company’s stock valued at $1,289,000 after buying an additional 21,052 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of Corporacion America Airports by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock valued at $1,391,000 after buying an additional 1,943 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Corporacion America Airports during the 2nd quarter valued at approximately $295,000. Finally, PDT Partners LLC lifted its stake in shares of Corporacion America Airports by 63.8% during the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock valued at $987,000 after buying an additional 18,972 shares in the last quarter. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Corporacion America Airports

Here are the key news stories impacting Corporacion America Airports this week:

Analysts Set New Price Targets

CAAP has been the topic of several analyst reports. Wall Street Zen upgraded shares of Corporacion America Airports from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of Corporacion America Airports from $24.50 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Zacks Research cut shares of Corporacion America Airports from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Friday, March 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.84.

View Our Latest Research Report on Corporacion America Airports

About Corporacion America Airports

(Get Free Report)

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.

See Also

Earnings History for Corporacion America Airports (NYSE:CAAP)

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