Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) released its quarterly earnings data on Tuesday. The transportation company reported $5.03 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 20.67% and a net margin of 31.96%.

Grupo Aeroportuario del Sureste Price Performance

ASR stock traded down $4.89 during trading on Tuesday, hitting $358.77. 80,223 shares of the stock traded hands, compared to its average volume of 57,645. The company has a 50 day simple moving average of $341.36 and a 200 day simple moving average of $325.37. Grupo Aeroportuario del Sureste has a one year low of $249.21 and a one year high of $381.52. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 19.02 and a beta of 0.56. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASR shares. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Scotiabank raised Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, December 4th. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Finally, Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target on the stock. in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $300.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Large investors have recently made changes to their positions in the stock. Compound Planning Inc. grew its position in Grupo Aeroportuario del Sureste by 4.3% in the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock valued at $228,000 after acquiring an additional 29 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Grupo Aeroportuario del Sureste by 3.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after buying an additional 39 shares during the period. Osaic Holdings Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 38.2% in the second 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 last quarter. Ieq Capital LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 8.2% in the 4th quarter. Ieq Capital LLC now owns 711 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 54 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Grupo Aeroportuario del Sureste during the 4th quarter worth about $35,000. 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.