Grupo Aeroportuario del Sureste (NYSE:ASR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) issued its quarterly earnings data on Wednesday. The transportation company reported $5.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.01, Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 22.93% and a net margin of 26.32%.The business had revenue of $504.04 million during the quarter, compared to analyst estimates of $544.78 million.

Grupo Aeroportuario del Sureste Trading Down 3.1%

Shares of Grupo Aeroportuario del Sureste stock opened at $314.49 on Friday. Grupo Aeroportuario del Sureste has a 12-month low of $292.35 and a 12-month high of $381.52. The stock has a market cap of $9.43 billion, a P/E ratio of 17.46, a P/E/G ratio of 3.80 and a beta of 0.58. The company has a quick ratio of 3.01, a current ratio of 3.03 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $342.32 and its 200-day moving average is $327.51.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Monday. Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $300.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter valued at $35,000. Atlas Capital Advisors Inc. bought a new stake in Grupo Aeroportuario del Sureste in the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC raised its stake in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 138 shares during the period. Osaic Holdings Inc. raised its stake in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 50 shares during the period. Finally, State of Wyoming raised its stake in Grupo Aeroportuario del Sureste by 195.1% in the 4th quarter. State of Wyoming now owns 419 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 277 shares during the period. Institutional investors own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.