Grupo Aeroportuario Del Pacifico (NYSE:PAC) Announces Quarterly Earnings Results, Misses Estimates By $1.11 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC) posted its earnings results on Monday. The transportation company reported $1.97 earnings per share for the quarter, missing the consensus estimate of $3.08 by ($1.11), Zacks reports. Grupo Aeroportuario Del Pacifico had a net margin of 24.06% and a return on equity of 42.46%. The firm had revenue of $549.01 million for the quarter, compared to analysts’ expectations of $613.30 million.

Grupo Aeroportuario Del Pacifico Trading Up 1.1%

Shares of PAC stock opened at $267.34 on Thursday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.01 and a quick ratio of 2.01. Grupo Aeroportuario Del Pacifico has a twelve month low of $168.62 and a twelve month high of $300.41. The company’s 50-day moving average price is $274.58 and its 200-day moving average price is $248.90.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Scotiabank restated a “sector perform” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, December 4th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to an “overweight” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Finally, Bank of America raised Grupo Aeroportuario Del Pacifico from an “underperform” rating to a “buy” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock worth $304,359,000 after buying an additional 206,914 shares during the last quarter. State Street Corp lifted its stake in shares of Grupo Aeroportuario Del Pacifico by 3.6% in the 4th quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock valued at $106,425,000 after purchasing an additional 14,079 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 4th quarter worth $42,634,000. Dimensional Fund Advisors LP increased its position in shares of Grupo Aeroportuario Del Pacifico by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 154,800 shares of the transportation company’s stock worth $40,805,000 after purchasing an additional 6,085 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the 3rd quarter worth about $30,453,000. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.