Ryanair (NASDAQ:RYAAY) Shares Gap Up Following Earnings Beat

Ryanair Holdings PLC (NASDAQ:RYAAYGet Free Report)’s share price gapped up before the market opened on Monday following a stronger than expected earnings report. The stock had previously closed at $53.36, but opened at $56.43. Ryanair shares last traded at $56.8610, with a volume of 379,158 shares trading hands.

The transportation company reported ($0.86) EPS for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 26.91%.

More Ryanair News

Here are the key news stories impacting Ryanair this week:

Analyst Ratings Changes

RYAAY has been the subject of several research reports. Wall Street Zen downgraded Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Tuesday. Evercore raised Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 12th. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a research report on Monday, April 13th. Finally, Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

View Our Latest Research Report on RYAAY

Institutional Investors Weigh In On Ryanair

A number of hedge funds and other institutional investors have recently made changes to their positions in RYAAY. Goldman Sachs Group Inc. grew its position in shares of Ryanair by 658.1% in the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after purchasing an additional 861,361 shares during the period. American Century Companies Inc. increased its position in Ryanair by 122.1% during the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock worth $750,000 after purchasing an additional 7,152 shares during the last quarter. CW Advisors LLC acquired a new position in Ryanair during the second quarter worth approximately $263,000. EverSource Wealth Advisors LLC increased its position in Ryanair by 99.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Ryanair during the second quarter worth approximately $295,000. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Stock Down 3.4%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s 50-day moving average is $58.92 and its 200 day moving average is $64.61. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.70 and a beta of 1.13.

Ryanair Company Profile

(Get Free Report)

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.

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