Wall Street analysts forecast that Aircastle Limited (NYSE:AYR) will report earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Aircastle’s earnings, with estimates ranging from $0.59 to $0.64. Aircastle posted earnings per share of $0.90 in the same quarter last year, which indicates a negative year-over-year growth rate of 32.2%. The business is expected to report its next earnings results on Tuesday, February 13th.

On average, analysts expect that Aircastle will report full year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.07. For the next financial year, analysts expect that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Aircastle.

Aircastle (NYSE:AYR) last announced its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. The firm had revenue of $191.41 million for the quarter, compared to the consensus estimate of $184.02 million. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share.

A number of research analysts have recently issued reports on AYR shares. ValuEngine downgraded Aircastle from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th. Credit Suisse Group upped their price target on Aircastle from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Citigroup started coverage on Aircastle in a report on Friday, December 8th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, Cowen reaffirmed a “hold” rating and set a $26.00 price target on shares of Aircastle in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.11.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Aircastle by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,224,849 shares of the transportation company’s stock valued at $116,461,000 after acquiring an additional 181,292 shares during the period. Northern Trust Corp lifted its holdings in Aircastle by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock valued at $43,976,000 after acquiring an additional 535,106 shares during the period. State Street Corp lifted its holdings in Aircastle by 6.7% in the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock valued at $25,075,000 after acquiring an additional 72,112 shares during the period. Goodnow Investment Group LLC raised its stake in shares of Aircastle by 2.1% in the third quarter. Goodnow Investment Group LLC now owns 723,218 shares of the transportation company’s stock worth $16,121,000 after buying an additional 14,653 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of Aircastle by 1.9% in the third quarter. Foundry Partners LLC now owns 721,047 shares of the transportation company’s stock worth $16,072,000 after buying an additional 13,604 shares during the period. 61.59% of the stock is currently owned by institutional investors.

Shares of Aircastle (NYSE:AYR) traded up $0.11 during trading hours on Friday, hitting $23.78. The stock had a trading volume of 184,282 shares, compared to its average volume of 235,097. The company has a market capitalization of $1,871.68, a P/E ratio of 11.66, a P/E/G ratio of 1.46 and a beta of 1.87. Aircastle has a 1 year low of $20.84 and a 1 year high of $25.98.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.28 dividend. This is an increase from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.71%. Aircastle’s dividend payout ratio is currently 54.90%.

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Aircastle 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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