Wall Street brokerages expect Aircastle Limited (NYSE:AYR) to post earnings per share (EPS) of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Aircastle’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.72. Aircastle reported earnings per share of $1.43 in the same quarter last year, which would suggest a negative year-over-year growth rate of 54.5%. The firm is expected to issue its next earnings report on Tuesday, February 11th.
On average, analysts expect that Aircastle will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.45. For the next year, analysts forecast that the company will post earnings of $2.61 per share, with EPS estimates ranging from $1.95 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Aircastle.
Aircastle (NYSE:AYR) last released its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Aircastle had a return on equity of 10.52% and a net margin of 21.97%. The firm had revenue of $236.87 million during the quarter, compared to analyst estimates of $225.72 million.
A number of research analysts recently commented on the company. Zacks Investment Research raised Aircastle from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. ValuEngine lowered shares of Aircastle from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Goldman Sachs Group upgraded shares of Aircastle from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 6th. Cowen downgraded shares of Aircastle from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $29.00 to $32.00 in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upgraded shares of Aircastle from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Aircastle has an average rating of “Hold” and a consensus price target of $24.60.
In other Aircastle news, insider Hart Kevin 15,000,000 shares of the business’s stock in a transaction dated Thursday, November 28th. 2.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Goodnow Investment Group LLC boosted its position in shares of Aircastle by 9.0% during the 2nd quarter. Goodnow Investment Group LLC now owns 989,023 shares of the transportation company’s stock valued at $21,027,000 after acquiring an additional 81,775 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Aircastle by 4.7% in the second quarter. Northern Trust Corp now owns 725,067 shares of the transportation company’s stock valued at $15,415,000 after purchasing an additional 32,869 shares in the last quarter. Foundry Partners LLC increased its position in Aircastle by 11.9% in the third quarter. Foundry Partners LLC now owns 715,414 shares of the transportation company’s stock worth $16,047,000 after purchasing an additional 75,796 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Aircastle by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 567,068 shares of the transportation company’s stock worth $12,056,000 after purchasing an additional 8,397 shares during the last quarter. Finally, Advisors Capital Management LLC raised its stake in Aircastle by 10.0% during the second quarter. Advisors Capital Management LLC now owns 377,274 shares of the transportation company’s stock valued at $8,021,000 after purchasing an additional 34,260 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.
AYR traded down $0.03 on Friday, hitting $32.08. 214,500 shares of the company’s stock traded hands, compared to its average volume of 355,975. The company’s 50 day simple moving average is $32.04 and its 200-day simple moving average is $25.73. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 10.12 and a beta of 1.53. Aircastle has a one year low of $18.63 and a one year high of $32.47.
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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