Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results

Grupo Aeroportuario del Sureste (NYSE:ASR) released its earnings results on Thursday. The transportation company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.60 by ($0.62), Zacks reports. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%. The business had revenue of $576.34 million for the quarter, compared to analysts’ expectations of $527.02 million.

Grupo Aeroportuario del Sureste Stock Performance

ASR traded down $5.25 during trading hours on Friday, hitting $245.75. 4,390 shares of the stock were exchanged, compared to its average volume of 67,269. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52. The stock has a 50-day simple moving average of $247.90 and a 200-day simple moving average of $281.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.29 and a quick ratio of 3.29. Grupo Aeroportuario del Sureste has a 12 month low of $226.19 and a 12 month high of $381.52.

Analyst Upgrades and Downgrades

A number of research firms have commented on ASR. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. HSBC upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price on the stock in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $324.50.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.