Wall Street brokerages predict that Aircastle Limited (NYSE:AYR) will post $0.61 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aircastle’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.64. Aircastle posted earnings of $0.90 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 32.2%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Aircastle will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.88 to $2.07. For the next year, analysts forecast that the firm will post earnings of $2.38 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Aircastle.
Aircastle (NYSE:AYR) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The firm had revenue of $191.41 million for the quarter, compared to analyst estimates of $184.02 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was down 1.7% compared to the same quarter last year.
Several brokerages have issued reports on AYR. Citigroup began coverage on Aircastle in a research note on Friday, December 8th. They issued a “neutral” rating and a $25.00 price target on the stock. Cowen reissued a “hold” rating and issued a $26.00 price target on shares of Aircastle in a research note on Tuesday, September 12th. ValuEngine lowered Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group boosted their price target on Aircastle from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.00.
Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Aircastle by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,224,849 shares of the transportation company’s stock worth $116,461,000 after purchasing an additional 181,292 shares during the period. Northern Trust Corp raised its position in shares of Aircastle by 36.0% during the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after purchasing an additional 535,106 shares during the period. State Street Corp raised its position in shares of Aircastle by 6.7% during the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after purchasing an additional 72,112 shares during the period. Goodnow Investment Group LLC raised its position in shares of Aircastle by 2.1% during the third quarter. Goodnow Investment Group LLC now owns 723,218 shares of the transportation company’s stock worth $16,121,000 after purchasing an additional 14,653 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Aircastle by 1.9% during the third quarter. Foundry Partners LLC now owns 721,047 shares of the transportation company’s stock worth $16,072,000 after purchasing an additional 13,604 shares during the period. 61.59% of the stock is currently owned by institutional investors.
Aircastle (AYR) opened at $23.71 on Friday. Aircastle has a 12 month low of $20.71 and a 12 month high of $25.98. The stock has a market capitalization of $1,866.95, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 2.00 and a beta of 1.86.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.72%. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, November 29th. Aircastle’s dividend payout ratio is presently 54.90%.
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Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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