Q2 2019 Earnings Estimate for Corporacion America Airports SA Issued By Oppenheimer (CAAP)
Corporacion America Airports SA (NYSE:CAAP) – Investment analysts at Oppenheimer decreased their Q2 2019 earnings per share (EPS) estimates for Corporacion America Airports in a research report issued on Tuesday, May 21st. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings per share of ($0.43) for the quarter, down from their prior forecast of ($0.40). Oppenheimer also issued estimates for Corporacion America Airports’ Q3 2019 earnings at ($0.40) EPS, Q4 2019 earnings at ($0.78) EPS and FY2019 earnings at ($1.42) EPS.
Separately, Zacks Investment Research upgraded shares of Corporacion America Airports from a “sell” rating to a “hold” rating in a report on Thursday.
Corporacion America Airports (NYSE:CAAP) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.58. The firm had revenue of $360.55 million for the quarter, compared to analyst estimates of $345.00 million. Corporacion America Airports had a net margin of 2.22% and a return on equity of 3.19%.
A number of large investors have recently modified their holdings of CAAP. RWC Asset Advisors US LLC purchased a new stake in Corporacion America Airports during the fourth quarter worth about $22,034,000. Bienville Capital Management LLC increased its stake in Corporacion America Airports by 48.9% during the first quarter. Bienville Capital Management LLC now owns 736,919 shares of the company’s stock worth $6,094,000 after purchasing an additional 242,019 shares during the period. River & Mercantile Asset Management LLP increased its stake in Corporacion America Airports by 26.4% during the fourth quarter. River & Mercantile Asset Management LLP now owns 1,028,695 shares of the company’s stock worth $6,831,000 after purchasing an additional 214,649 shares during the period. Westpac Banking Corp purchased a new stake in Corporacion America Airports during the fourth quarter worth about $1,241,000. Finally, BlackRock Inc. increased its stake in Corporacion America Airports by 40.3% during the first quarter. BlackRock Inc. now owns 640,452 shares of the company’s stock worth $5,296,000 after purchasing an additional 183,883 shares during the period. Institutional investors own 12.07% of the company’s stock.
Corporacion America Airports Company Profile
Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.
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