Corporacion America Airports (NYSE:CAAP) Issues Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Corporacion America Airports (NYSE:CAAP) posted its quarterly earnings data on Wednesday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.17), Zacks reports. The company had revenue of $476.80 million during the quarter, compared to the consensus estimate of $423.15 million. Corporacion America Airports had a net margin of 7.84% and a return on equity of 9.33%.

Corporacion America Airports Stock Down 0.4%

Shares of CAAP opened at $20.68 on Thursday. Corporacion America Airports has a 52 week low of $14.00 and a 52 week high of $22.13. The firm has a market cap of $3.38 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37. The firm’s 50-day simple moving average is $20.22 and its 200 day simple moving average is $19.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.37 and a current ratio of 1.39.

Analysts Set New Price Targets

Several research firms recently commented on CAAP. Bank of America began coverage on shares of Corporacion America Airports in a research report on Thursday, May 22nd. They issued a “buy” rating and a $24.70 price objective on the stock. Itau BBA Securities began coverage on shares of Corporacion America Airports in a research report on Monday, April 28th. They issued an “outperform” rating and a $20.40 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Corporacion America Airports from $22.50 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Corporacion America Airports currently has a consensus rating of “Buy” and an average price target of $23.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Militia Capital Partners LP grew its stake in Corporacion America Airports by 3.3% in the 2nd quarter. Militia Capital Partners LP now owns 163,293 shares of the company’s stock valued at $3,308,000 after buying an additional 5,250 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Corporacion America Airports by 200.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 63,977 shares of the company’s stock worth $1,296,000 after purchasing an additional 42,681 shares in the last quarter. PDT Partners LLC grew its position in shares of Corporacion America Airports by 63.8% during the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company’s stock worth $987,000 after purchasing an additional 18,972 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Corporacion America Airports during the 2nd quarter worth approximately $295,000. Finally, Raymond James Financial Inc. grew its position in shares of Corporacion America Airports by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,943 shares in the last quarter. Institutional investors and hedge funds own 12.95% of the company’s stock.

Corporacion America Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.