Ryanair (NASDAQ:RYAAY) Announces Quarterly Earnings Results

Ryanair (NASDAQ:RYAAY) posted its quarterly earnings data on Monday. The transportation company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18), Zacks reports. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.

Ryanair Stock Performance

Shares of Ryanair stock opened at $59.08 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day simple moving average of $60.84 and a 200 day simple moving average of $63.04. Ryanair has a one year low of $53.14 and a one year high of $74.24. The firm has a market capitalization of $30.70 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.61 and a beta of 1.15.

Insider Transactions at Ryanair

In related news, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction on Friday, June 26th. The stock was sold at an average price of $31.24, for a total transaction of $468,600.00. Following the transaction, the insider directly owned 76,025 shares in the company, valued at approximately $2,375,021. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $365,518.53. Following the completion of the transaction, the insider owned 46,264 shares of the company’s stock, valued at $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 126,607 shares of company stock valued at $3,386,997.

Institutional Investors Weigh In On Ryanair

Institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its stake in shares of Ryanair by 280.6% in the third quarter. CIBC Private Wealth Group LLC now owns 472 shares of the transportation company’s stock worth $28,000 after acquiring an additional 348 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after acquiring an additional 209 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Ryanair by 2,929.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 515 shares of the transportation company’s stock worth $37,000 after buying an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Ryanair by 39.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after buying an additional 165 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of Ryanair in the third quarter worth approximately $55,000. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RYAAY has been the subject of a number of research analyst reports. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein set a $79.00 price target on shares of Ryanair in a research report on Monday, July 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ryanair currently has a consensus rating of “Moderate Buy” and an average price target of $78.33.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.