Grupo Aeroportuario Del Pacifico (NYSE:PAC) Releases Quarterly Earnings Results, Misses Expectations By $0.30 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC) announced its quarterly earnings data on Tuesday. The transportation company reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.30), Zacks reports. Grupo Aeroportuario Del Pacifico had a return on equity of 42.94% and a net margin of 25.36%.The company had revenue of $645.23 million during the quarter, compared to analyst estimates of $732.26 million.

Grupo Aeroportuario Del Pacifico Trading Up 1.2%

Grupo Aeroportuario Del Pacifico stock opened at $228.58 on Thursday. The business has a 50 day moving average price of $242.33 and a two-hundred day moving average price of $253.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.90. Grupo Aeroportuario Del Pacifico has a 12 month low of $206.91 and a 12 month high of $300.41. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 stock. According to MarketBeat, the company has an average rating of “Hold”.

Institutional Trading of Grupo Aeroportuario Del Pacifico

A number of institutional investors and hedge funds have recently modified their holdings of the company. Compound Planning Inc. grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 3.3% during the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after purchasing an additional 49 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after buying an additional 57 shares during the last quarter. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario Del Pacifico by 19.2% in the third quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock valued at $156,000 after buying an additional 106 shares during the last quarter. Vident Advisory LLC lifted its position in Grupo Aeroportuario Del Pacifico by 9.2% during the 3rd quarter. Vident Advisory LLC now owns 1,280 shares of the transportation company’s stock worth $304,000 after buying an additional 108 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Grupo Aeroportuario Del Pacifico by 7.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,521 shares of the transportation company’s stock worth $401,000 after buying an additional 109 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.

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.