Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results

Grupo Aeroportuario del Sureste (NYSE:ASR) announced its earnings results on Thursday. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.40), Zacks reports. The firm had revenue of $576.34 million during the quarter, compared to analysts’ expectations of $527.02 million. Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR traded down $2.53 during trading hours on Friday, reaching $248.47. 69,298 shares of the stock traded hands, compared to its average volume of 82,511. The company has a market cap of $7.45 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $247.59 and its two-hundred day moving average price is $281.22. Grupo Aeroportuario del Sureste has a 52-week low of $226.19 and a 52-week high of $381.52.

Analyst Ratings Changes

Several research analysts have recently weighed in on ASR shares. Weiss Ratings cut shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 price target for the company in a report on Thursday, July 30th. Finally, Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $324.50.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.