Aircastle (NYSE:AYR) issued its earnings results on Thursday. The transportation company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.26, Bloomberg Earnings reports. Aircastle had a return on equity of 10.52% and a net margin of 21.97%. The company had revenue of $243.73 million during the quarter, compared to the consensus estimate of $226.37 million.
Shares of NYSE AYR traded down $0.03 during midday trading on Friday, hitting $32.19. 29,439 shares of the company’s stock were exchanged, compared to its average volume of 413,373. The stock’s 50 day moving average price is $32.09 and its 200-day moving average price is $27.28. The firm has a market cap of $2.40 billion, a P/E ratio of 11.54 and a beta of 1.52. Aircastle has a twelve month low of $18.63 and a twelve month high of $32.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 28th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.28 annualized dividend and a dividend yield of 3.98%. Aircastle’s dividend payout ratio is presently 40.38%.
AYR has been the subject of a number of research reports. ValuEngine downgraded Aircastle from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded Aircastle from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Cowen downgraded Aircastle from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Friday, November 8th. Goldman Sachs Group upgraded Aircastle from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. upgraded Aircastle from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Aircastle currently has a consensus rating of “Hold” and an average target price of $24.60.
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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