Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) posted its quarterly earnings results on Thursday. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR stock traded down $3.98 during trading hours on Thursday, hitting $269.55. 64,919 shares of the company’s stock were exchanged, compared to its average volume of 68,642. Grupo Aeroportuario del Sureste has a fifty-two week low of $268.70 and a fifty-two week high of $381.52. The firm has a market cap of $8.09 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.70 and a beta of 0.46. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $295.35 and a two-hundred day moving average of $322.74.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were paid a dividend of $5.7572 per share. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio is presently 110.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $300.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its position in shares of Grupo Aeroportuario del Sureste by 13.8% in the fourth quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company’s stock valued at $476,000 after purchasing an additional 179 shares during the period. Ieq Capital LLC raised its position in shares of Grupo Aeroportuario del Sureste by 8.2% during the 4th quarter. Ieq Capital LLC now owns 711 shares of the transportation company’s stock worth $230,000 after purchasing an additional 54 shares during the last quarter. Brooklyn Investment Group lifted its stake in Grupo Aeroportuario del Sureste by 95.6% in the 4th quarter. Brooklyn Investment Group now owns 1,322 shares of the transportation company’s stock valued at $432,000 after buying an additional 646 shares in the last quarter. Voleon Capital Management LP purchased a new position in Grupo Aeroportuario del Sureste in the 3rd quarter valued at about $243,000. Finally, Laird Norton Wetherby Wealth Management LLC boosted its holdings in Grupo Aeroportuario del Sureste by 3.0% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.