Grupo Aeroportuario Del Pacifico (NYSE:PAC) Releases Earnings Results, Misses Expectations By $0.72 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC) announced its quarterly earnings results on Tuesday. The transportation company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.72), FiscalAI reports. The company had revenue of $645.23 million during the quarter, compared to the consensus estimate of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.04% and a return on equity of 43.12%.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of Grupo Aeroportuario Del Pacifico stock opened at $233.01 on Tuesday. The stock’s fifty day simple moving average is $243.27 and its 200 day simple moving average is $254.36. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $11.77 billion, a PE ratio of 20.88, a PEG ratio of 0.86 and a beta of 0.93. Grupo Aeroportuario Del Pacifico has a 12 month low of $206.91 and a 12 month high of $300.41.

Institutional Investors Weigh In On Grupo Aeroportuario Del Pacifico

Several large investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the third quarter worth about $43,000. Kestra Advisory Services LLC acquired a new position in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at approximately $54,000. Van ECK Associates Corp increased its stake in Grupo Aeroportuario Del Pacifico by 20.6% during the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after purchasing an additional 57 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Grupo Aeroportuario Del Pacifico by 27,350.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 549 shares of the transportation company’s stock worth $126,000 after purchasing an additional 547 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Grupo Aeroportuario Del Pacifico by 19.2% during the 3rd quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after buying an additional 106 shares during the period. 11.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario Del Pacifico presently has a consensus rating of “Hold”.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.