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

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

Ryanair Price Performance

Shares of NASDAQ RYAAY opened at $54.16 on Wednesday. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.70 and a beta of 1.13. The business has a 50-day moving average of $58.92 and a 200-day moving average of $64.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. Ryanair has a fifty-two week low of $53.14 and a fifty-two week high of $74.24.

Hedge Funds Weigh In On Ryanair

Several hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC increased its position in Ryanair by 280.6% during the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after buying an additional 348 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Ryanair by 88.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 813 shares of the transportation company’s stock worth $59,000 after purchasing an additional 381 shares during the period. Institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of a number of recent research reports. Wall Street Zen cut Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Citigroup restated a “buy” rating on shares of Ryanair in a research report on Tuesday. Finally, Erste Group Bank lowered Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently 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.