Wall Street brokerages forecast that Aircastle Limited (NYSE:AYR) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Aircastle’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.55. Aircastle reported earnings per share of $0.82 in the same quarter last year, which suggests a negative year over year growth rate of 41.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Aircastle will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.55. For the next financial year, analysts expect that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $1.92 to $2.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Aircastle.

Aircastle (NYSE:AYR) last released its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. Aircastle had a net margin of 28.40% and a return on equity of 11.70%. The company had revenue of $204.28 million during the quarter, compared to the consensus estimate of $194.60 million.

Several equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Aircastle from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Zacks Investment Research downgraded shares of Aircastle from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $24.43.

In related news, Director Ronald Merriman sold 7,500 shares of Aircastle stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $21.26, for a total transaction of $159,450.00. Following the completion of the transaction, the director now directly owns 21,024 shares of the company’s stock, valued at approximately $446,970.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Aircastle in the first quarter worth about $118,000. Violich Capital Management Inc. bought a new position in shares of Aircastle in the second quarter worth about $200,000. Point72 Hong Kong Ltd bought a new position in shares of Aircastle in the second quarter worth about $201,000. Yorktown Management & Research Co Inc bought a new position in shares of Aircastle in the second quarter worth about $205,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of Aircastle in the second quarter worth about $253,000. 57.84% of the stock is owned by hedge funds and other institutional investors.

AYR stock traded down $0.03 during trading on Friday, hitting $20.92. 6,395 shares of the stock traded hands, compared to its average volume of 415,856. Aircastle has a one year low of $18.97 and a one year high of $25.30. The company has a market capitalization of $1.65 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.94 and a beta of 1.81.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend was Thursday, August 30th. Aircastle’s dividend payout ratio is currently 59.89%.

About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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