Grupo Aeroportuario Del Pacifico (NYSE:PAC) Posts Earnings Results, Misses Expectations By $0.30 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC) posted its earnings results on Tuesday. The transportation company reported $2.80 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.30), Zacks reports. The firm had revenue of $645.23 million during the quarter, compared to analysts’ expectations of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 42.94%.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of PAC opened at $228.58 on Thursday. Grupo Aeroportuario Del Pacifico has a fifty-two week low of $206.91 and a fifty-two week high of $300.41. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93. The firm has a 50-day simple moving average of $242.33 and a 200-day simple moving average of $253.74. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico has an average rating of “Hold”.

Hedge Funds Weigh In On Grupo Aeroportuario Del Pacifico

Several institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in Grupo Aeroportuario Del Pacifico during the 3rd quarter worth approximately $43,000. Kestra Advisory Services LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $54,000. Van ECK Associates Corp raised its stake in shares of Grupo Aeroportuario Del Pacifico by 20.6% during the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Grupo Aeroportuario Del Pacifico by 27,350.0% during the second quarter. Tower Research Capital LLC TRC now owns 549 shares of the transportation company’s stock worth $126,000 after purchasing an additional 547 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% during the third quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

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.