Grupo Aeroportuario Del Pacifico (NYSE:PAC) Announces Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC) announced its earnings results on Monday. The transportation company reported $3.03 EPS for the quarter, beating the consensus estimate of $2.72 by $0.31, FiscalAI reports. The company had revenue of $645.33 million during the quarter, compared to the consensus estimate of $656.27 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%.

Grupo Aeroportuario Del Pacifico Price Performance

PAC traded up $3.69 during trading on Tuesday, reaching $206.78. The stock had a trading volume of 6,940 shares, compared to its average volume of 123,777. The business has a 50-day moving average of $206.26 and a 200-day moving average of $227.97. Grupo Aeroportuario Del Pacifico has a one year low of $192.65 and a one year high of $300.41. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $10.45 billion, a PE ratio of 18.43, a PEG ratio of 1.44 and a beta of 0.97.

Analyst Ratings Changes

A number of analysts recently commented on PAC shares. HSBC upgraded shares of Grupo Aeroportuario Del Pacifico from a “hold” rating to a “buy” rating and set a $277.00 price target on the stock in a research note on Monday, October 5th. Zacks Research upgraded shares of Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Morgan Stanley upgraded shares of Grupo Aeroportuario Del Pacifico from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $210.00 to $225.00 in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Monday, August 31st. Finally, The Goldman Sachs Group dropped their target price on shares of Grupo Aeroportuario Del Pacifico from $312.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.00.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE: PAC), commonly known as GAP, develops, operates and maintains airport facilities under long-term concessions. Its business includes passenger and aircraft services, airport infrastructure, commercial areas, parking and other complementary services that support travelers, airlines and cargo operators.

GAP operates 12 airports in Mexico, including those serving Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, Guanajuato, Hermosillo, La Paz, Mexicali, Morelia, Aguascalientes, Manzanillo and Los Mochis.