Ryanair (NASDAQ:RYAAY) Announces Earnings Results

Ryanair (NASDAQ:RYAAY) released its quarterly earnings data on Monday. The transportation company reported $3.12 EPS for the quarter, beating the consensus estimate of ($0.64) by $3.76, Zacks reports. Ryanair had a return on equity of 21.46% and a net margin of 12.14%.

Ryanair Trading Down 0.8%

Shares of RYAAY stock opened at $50.00 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $46.04 and its two-hundred day simple moving average is $45.46. Ryanair has a 1 year low of $36.96 and a 1 year high of $53.61. The company has a market cap of $26.60 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ryanair stock. Goldman Sachs Group Inc. boosted its holdings in Ryanair Holdings plc (NASDAQ:RYAAY) by 658.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 992,245 shares of the transportation company’s stock after acquiring an additional 861,361 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Ryanair worth $42,041,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 43.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RYAAY. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised Ryanair from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $147.00.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.