Grupo Aeroportuario Del Pacifico (NYSE:PAC) Issues Earnings Results

Grupo Aeroportuario Del Pacifico (NYSE:PAC) released its quarterly earnings results on Tuesday. The transportation company reported $2.35 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.72), FiscalAI reports. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The firm had revenue of $645.23 million for the quarter, compared to analysts’ expectations of $732.26 million.

Grupo Aeroportuario Del Pacifico Stock Down 1.1%

Grupo Aeroportuario Del Pacifico stock opened at $233.01 on Tuesday. The firm has a market capitalization of $11.77 billion, a P/E ratio of 20.88, a P/E/G ratio of 0.86 and a beta of 0.93. The stock’s fifty day simple moving average is $243.27 and its 200-day simple moving average is $254.36. Grupo Aeroportuario Del Pacifico has a twelve month low of $206.91 and a twelve month high of $300.41. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario Del Pacifico currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC purchased a new position in Grupo Aeroportuario Del Pacifico in the third quarter worth approximately $43,000. Kestra Advisory Services LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter worth $54,000. Van ECK Associates Corp increased its holdings in Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 27,350.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 549 shares of the transportation company’s stock valued at $126,000 after acquiring an additional 547 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Grupo Aeroportuario Del Pacifico by 19.2% during the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after acquiring an additional 106 shares in the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long?term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.