Ryanair (NASDAQ:RYAAY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Ryanair (NASDAQ:RYAAY) posted its earnings results on Monday. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.95) by $0.09, Zacks reports. Ryanair had a return on equity of 26.91% and a net margin of 13.95%.The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $3.08 billion.

Ryanair Trading Down 3.4%

NASDAQ RYAAY opened at $54.16 on Wednesday. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.70 and a beta of 1.13. The stock’s 50 day moving average price is $58.92 and its two-hundred day moving average price is $64.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67. Ryanair has a 52 week low of $53.14 and a 52 week high of $74.24.

Institutional Investors Weigh In On Ryanair

Institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its stake in Ryanair by 280.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Ryanair by 76.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 209 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Ryanair by 2,929.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in Ryanair in the 3rd quarter valued at approximately $55,000. Institutional investors own 43.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RYAAY shares. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research report on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Finally, Weiss Ratings lowered Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.