Ryanair (NASDAQ:RYAAY) Announces Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Ryanair (NASDAQ:RYAAY) issued its earnings results on Monday. The transportation company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.14, Zacks reports. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $5.44 billion.

Ryanair Price Performance

NASDAQ:RYAAY traded down $0.30 during mid-day trading on Wednesday, reaching $64.31. The stock had a trading volume of 608,032 shares, compared to its average volume of 1,394,795. The stock has a 50-day simple moving average of $60.27 and a two-hundred day simple moving average of $58.20. The stock has a market capitalization of $33.96 billion, a PE ratio of 15.10, a P/E/G ratio of 0.66 and a beta of 1.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.66. Ryanair has a 12 month low of $38.52 and a 12 month high of $67.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its stake in Ryanair by 9.4% in the second quarter. Captrust Financial Advisors now owns 10,210 shares of the transportation company’s stock valued at $589,000 after acquiring an additional 878 shares during the last quarter. Two Sigma Securities LLC bought a new position in Ryanair in the second quarter valued at approximately $566,000. Quantinno Capital Management LP increased its stake in Ryanair by 544.7% in the second quarter. Quantinno Capital Management LP now owns 32,353 shares of the transportation company’s stock valued at $1,866,000 after acquiring an additional 27,335 shares during the last quarter. Diversify Wealth Management LLC bought a new position in Ryanair in the second quarter valued at approximately $1,185,000. Finally, NewEdge Advisors LLC increased its stake in Ryanair by 1,423.5% in the second quarter. NewEdge Advisors LLC now owns 8,745 shares of the transportation company’s stock valued at $504,000 after acquiring an additional 8,171 shares during the last quarter. 43.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of Ryanair from a “buy” rating to a “neutral” rating in a research note on Monday, September 8th. Morgan Stanley started coverage on shares of Ryanair in a research report on Wednesday, October 15th. They set an “overweight” rating for the company. Wall Street Zen downgraded shares of Ryanair from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of Ryanair from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Citigroup restated a “buy” rating on shares of Ryanair in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

About Ryanair

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.