Equities analysts expect Aircastle Limited (NYSE:AYR) to post earnings of $0.71 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Aircastle Limited’s earnings, with estimates ranging from $0.65 to $0.75. Aircastle Limited posted earnings of $0.38 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 86.8%. The firm is scheduled to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Aircastle Limited will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $2.05. For the next year, analysts anticipate that the business will report earnings of $2.39 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Aircastle Limited.

Aircastle Limited (NYSE:AYR) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.58). The company had revenue of $223.53 million during the quarter, compared to analysts’ expectations of $206.10 million. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share.

Several research firms recently issued reports on AYR. Zacks Investment Research cut shares of Aircastle Limited from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Cowen and Company reaffirmed a “market perform” rating and issued a $26.00 price target (up from $25.00) on shares of Aircastle Limited in a report on Thursday, August 10th. BidaskClub cut shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $24.00 price target (down from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. Finally, Barclays PLC began coverage on shares of Aircastle Limited in a report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.30.

A number of hedge funds have recently added to or reduced their stakes in AYR. Teachers Advisors LLC increased its stake in Aircastle Limited by 13.1% during the fourth quarter. Teachers Advisors LLC now owns 84,711 shares of the transportation company’s stock valued at $1,766,000 after purchasing an additional 9,784 shares during the last quarter. Nationwide Fund Advisors increased its stake in Aircastle Limited by 23.5% during the first quarter. Nationwide Fund Advisors now owns 59,426 shares of the transportation company’s stock valued at $1,434,000 after purchasing an additional 11,300 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Aircastle Limited by 131.9% during the first quarter. Russell Investments Group Ltd. now owns 18,990 shares of the transportation company’s stock valued at $459,000 after purchasing an additional 10,800 shares during the last quarter. Wells Fargo & Company MN increased its stake in Aircastle Limited by 3.6% during the first quarter. Wells Fargo & Company MN now owns 107,963 shares of the transportation company’s stock valued at $2,605,000 after purchasing an additional 3,707 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Aircastle Limited by 10.5% during the first quarter. First Trust Advisors LP now owns 164,623 shares of the transportation company’s stock valued at $3,972,000 after purchasing an additional 15,643 shares during the last quarter. Hedge funds and other institutional investors own 62.04% of the company’s stock.

Aircastle Limited (NYSE AYR) traded down 0.37% on Monday, hitting $21.48. 304,496 shares of the company were exchanged. Aircastle Limited has a 52-week low of $18.26 and a 52-week high of $25.98. The stock has a market cap of $1.69 billion, a PE ratio of 12.96 and a beta of 1.83. The firm has a 50 day moving average of $22.32 and a 200-day moving average of $22.65.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.04 annualized dividend and a yield of 4.84%. Aircastle Limited’s payout ratio is 62.65%.

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Aircastle Limited Company Profile

Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.

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Earnings History and Estimates for Aircastle Limited (NYSE:AYR)

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