Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) To Go Ex-Dividend on November 27th

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) declared a special dividend on Monday, November 9th. Stockholders of record on Friday, November 27th will be given a dividend of $5.3688 per share by the transportation company on Thursday, December 10th. The ex-dividend date is Friday, November 27th.

Grupo Aeroportuario del Sureste has a payout ratio of 51.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aeroportuario del Sureste to earn $21.94 per share next year, which means the company should continue to be able to cover its $12.51 annual dividend with an expected future payout ratio of 57.0%.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $268.17 on Wednesday. Grupo Aeroportuario del Sureste has a fifty-two week low of $226.19 and a fifty-two week high of $381.52. The firm’s 50 day moving average price is $247.02 and its 200 day moving average price is $295.81. The company has a market cap of $8.05 billion, a P/E ratio of 14.32, a PEG ratio of 2.16 and a beta of 0.49. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Thursday, October 22nd. The transportation company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a net margin of 25.10% and a return on equity of 20.94%. The business had revenue of $576.34 million during the quarter, compared to analysts’ expectations of $527.02 million. On average, research analysts forecast that Grupo Aeroportuario del Sureste will post 18.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Large investors have recently bought and sold shares of the business. Ieq Capital LLC boosted its position in shares of Grupo Aeroportuario del Sureste by 329.1% during the 3rd quarter. Ieq Capital LLC now owns 3,201 shares of the transportation company’s stock worth $753,000 after acquiring an additional 2,455 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 48.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 894 shares of the transportation company’s stock worth $210,000 after acquiring an additional 291 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its position in shares of Grupo Aeroportuario del Sureste by 0.7% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 5,652 shares of the transportation company’s stock worth $1,364,000 after acquiring an additional 41 shares in the last quarter. Euro Pacific Asset Management LLC lifted its stake in Grupo Aeroportuario del Sureste by 33.5% during the third quarter. Euro Pacific Asset Management LLC now owns 4,012 shares of the transportation company’s stock worth $944,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Abacus Wealth Partners LLC purchased a new stake in Grupo Aeroportuario del Sureste during the third quarter worth approximately $328,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a Mexican airport operator that develops, operates and maintains airports under long-term concessions. Its activities include passenger and aircraft services, airport infrastructure and commercial offerings such as retail, food and beverage, parking and other passenger services. ASUR operates nine airports in southeastern Mexico, including Cancún, Mérida, Oaxaca, Veracruz and Cozumel. Its portfolio also extends beyond Mexico through interests in airport operations in Puerto Rico and Colombia.