Ryanair Holdings PLC (RYAAY) to Issue — Dividend of $0.53 on September 25th

Ryanair Holdings PLC (NASDAQ:RYAAY) announced a — dividend on Monday, July 28th, Wall Street Journal reports. Investors of record on Friday, August 8th will be given a dividend of 0.534 per share by the transportation company on Thursday, September 25th. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, September 12th. This is a 14.2% increase from Ryanair’s previous — dividend of $0.47.

Ryanair Price Performance

RYAAY stock opened at $62.88 on Wednesday. The stock has a 50-day moving average price of $57.51 and a two-hundred day moving average price of $50.05. The stock has a market cap of $33.37 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. Ryanair has a 1 year low of $38.39 and a 1 year high of $63.90.

Ryanair (NASDAQ:RYAAY) last released its earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.25. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Ryanair had a return on equity of 27.91% and a net margin of 14.42%. Equities analysts forecast that Ryanair will post 3.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryanair

A hedge fund recently raised its stake in Ryanair stock. Goldman Sachs Group Inc. increased its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY) by 658.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 992,245 shares of the transportation company’s stock after buying an additional 861,361 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Ryanair worth $42,041,000 as of its most recent filing with the Securities and Exchange Commission. 43.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of a number of research reports. Wall Street Zen upgraded Ryanair from a “buy” rating to a “strong-buy” rating in a report on Saturday. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Raymond James Financial restated a “strong-buy” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Ryanair in a report on Wednesday, July 23rd. Oddo Bhf upgraded Ryanair from an “underperform” rating to an “outperform” rating in a report on Wednesday, July 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Ryanair in a report on Wednesday, May 21st. Six investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $111.50.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.