Ryanair (NASDAQ:RYAAY) Issues Quarterly Earnings Results

Ryanair (NASDAQ:RYAAY) posted its quarterly earnings results on Monday. The transportation company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.09, Zacks reports. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion. Ryanair had a net margin of 13.95% and a return on equity of 26.91%.

Ryanair Trading Down 3.4%

Shares of RYAAY stock opened at $54.16 on Wednesday. Ryanair has a 12-month low of $53.14 and a 12-month high of $74.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $58.92 and its 200 day moving average is $64.61. The stock has a market capitalization of $28.20 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.70 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Evercore upgraded shares of Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Thursday, March 12th. Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Finally, Weiss Ratings lowered shares of Ryanair from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

Institutional Investors Weigh In On Ryanair

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Ryanair by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock worth $527,341,000 after purchasing an additional 985,939 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Ryanair by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 5,567,154 shares of the transportation company’s stock worth $401,892,000 after purchasing an additional 117,639 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Ryanair by 58.0% in the fourth quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after purchasing an additional 1,429,666 shares during the last quarter. Royal Bank of Canada boosted its holdings in Ryanair by 1.9% in the fourth quarter. Royal Bank of Canada now owns 3,313,095 shares of the transportation company’s stock worth $239,171,000 after purchasing an additional 61,822 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ryanair by 1.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,237,385 shares of the transportation company’s stock worth $233,707,000 after acquiring an additional 60,847 shares during the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.