Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) issued its quarterly earnings results on Thursday. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.92 by ($0.54), Zacks reports. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.85%. The business had revenue of $547.46 million during the quarter, compared to analyst estimates of $517.35 million.

Grupo Aeroportuario del Sureste Stock Down 0.5%

ASR stock opened at $268.51 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.39 and a quick ratio of 3.39. The business’s fifty day moving average price is $294.17 and its two-hundred day moving average price is $321.98. Grupo Aeroportuario del Sureste has a fifty-two week low of $259.01 and a fifty-two week high of $381.52. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.70 and a beta of 0.46.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were paid a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 106.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, July 17th. Finally, UBS Group upgraded Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $300.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASR. Deutsche Bank AG boosted its holdings in shares of Grupo Aeroportuario del Sureste by 90.6% in the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock worth $60,721,000 after buying an additional 89,239 shares during the last quarter. Morgan Stanley increased its stake in shares of Grupo Aeroportuario del Sureste by 20.4% during the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after purchasing an additional 31,298 shares during the last quarter. Jane Street Group LLC bought a new position in Grupo Aeroportuario del Sureste during the second quarter valued at $7,310,000. Pillsbury Lake Capital LLC purchased a new stake in Grupo Aeroportuario del Sureste in the fourth quarter worth $6,483,000. Finally, Millennium Management LLC increased its position in Grupo Aeroportuario del Sureste by 157.0% in the fourth quarter. Millennium Management LLC now owns 17,870 shares of the transportation company’s stock worth $5,779,000 after buying an additional 10,917 shares during the last quarter. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.