Aircastle Limited (AYR) Expected to Post Earnings of $0.51 Per Share

Equities analysts predict that Aircastle Limited (NYSE:AYR) will post earnings per share of $0.51 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aircastle’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.39. Aircastle reported earnings of $0.58 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12.1%. The firm is scheduled to issue its next earnings results on Thursday, May 3rd.

On average, analysts expect that Aircastle will report full year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $1.72 to $2.40. For the next fiscal year, analysts forecast that the company will post earnings of $2.29 per share, with EPS estimates ranging from $1.77 to $2.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Aircastle.

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Aircastle (NYSE:AYR) last posted its earnings results on Tuesday, February 13th. The transportation company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $177.40 million during the quarter, compared to analyst estimates of $184.09 million. Aircastle had a net margin of 18.56% and a return on equity of 8.41%. The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS.

Several research firms have recently weighed in on AYR. ValuEngine lowered shares of Aircastle from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Macquarie began coverage on shares of Aircastle in a report on Tuesday, March 13th. They set an “outperform” rating for the company. They noted that the move was a valuation call. JPMorgan Chase cut their target price on shares of Aircastle from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, March 6th. Zacks Investment Research lowered shares of Aircastle from a “hold” rating to a “strong sell” rating in a report on Friday, February 16th. Finally, Stephens reaffirmed an “equal weight” rating on shares of Aircastle in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.60.

Institutional investors have recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC acquired a new stake in Aircastle in the 4th quarter valued at $106,000. Zions Bancorporation acquired a new stake in Aircastle in the 3rd quarter valued at $111,000. SG Americas Securities LLC grew its stake in Aircastle by 98.5% in the 3rd quarter. SG Americas Securities LLC now owns 11,026 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 5,471 shares during the period. Jefferies Group LLC acquired a new stake in Aircastle in the 4th quarter valued at $247,000. Finally, AMP Capital Investors Ltd acquired a new stake in Aircastle in the 4th quarter valued at $281,000. 61.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AYR traded down $0.90 during trading on Monday, hitting $19.79. 319,893 shares of the stock traded hands, compared to its average volume of 439,594. The firm has a market cap of $1,627.82, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. Aircastle has a 52-week low of $18.97 and a 52-week high of $25.30.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 5.66%. Aircastle’s dividend payout ratio is currently 59.89%.

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About Aircastle

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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