Ryanair (NASDAQ:RYAAY) Posts Earnings Results, Beats Expectations By $0.09 EPS

Ryanair (NASDAQ:RYAAY) announced its quarterly earnings data on Monday. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09, Zacks reports. Ryanair had a return on equity of 26.91% and a net margin of 13.95%.The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion.

Ryanair Stock Down 3.4%

RYAAY opened at $54.16 on Wednesday. Ryanair has a 1-year low of $53.14 and a 1-year high of $74.24. The stock’s fifty day simple moving average is $58.92 and its 200 day simple moving average is $64.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a market cap of $28.20 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.13.

Institutional Investors Weigh In On Ryanair

A number of large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC bought a new stake in Ryanair in the 4th quarter valued at $235,000. Invesco Ltd. raised its stake in Ryanair by 7.0% in the 4th quarter. Invesco Ltd. now owns 96,337 shares of the transportation company’s stock valued at $6,955,000 after acquiring an additional 6,331 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Ryanair by 1.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,238 shares of the transportation company’s stock valued at $3,049,000 after acquiring an additional 413 shares during the period. NewEdge Advisors LLC grew its holdings in Ryanair by 1.0% in the 4th quarter. NewEdge Advisors LLC now owns 20,873 shares of the transportation company’s stock valued at $1,507,000 after buying an additional 213 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ryanair by 58.0% in the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock valued at $281,182,000 after buying an additional 1,429,666 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RYAAY. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday. Weiss Ratings cut Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a research note on Monday, April 13th. Erste Group Bank cut Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and an average target price of $75.67.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.