Stock Repurchase Program Approved by Airbus (OTCMKTS:EADSY) Board

Airbus (OTCMKTS:EADSY) declared that its board has authorized a stock repurchase plan on Monday, November 9th, RTT News reports. The company plans to buy back $5.62 billion in outstanding shares. This repurchase authorization permits the aerospace company to reacquire up to 3.2% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Airbus Price Performance

EADSY stock opened at $58.56 on Thursday. The company has a market cap of $184.80 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.19 and a beta of 1.15. The company has a current ratio of 1.15, a quick ratio of 0.41 and a debt-to-equity ratio of 0.55. Airbus has a 12 month low of $45.01 and a 12 month high of $64.35. The firm has a 50-day moving average of $54.99 and a two-hundred day moving average of $54.20.

Airbus (OTCMKTS:EADSY) last released its earnings results on Wednesday, October 28th. The aerospace company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $20.28 billion. Airbus had a net margin of 8.05% and a return on equity of 23.75%. As a group, analysts forecast that Airbus will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Deutsche Bank reaffirmed a “buy” rating on shares of Airbus in a research note on Wednesday, July 22nd. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a report on Wednesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of Airbus in a report on Friday, August 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbus in a research note on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Airbus Company Profile

Airbus SE is a global aerospace company that designs, manufactures and supports commercial aircraft, helicopters, and defense and space systems. Its customers include airlines, leasing companies, governments and military organizations around the world. The company’s commercial aircraft portfolio includes the A220, A320, A330 and A350 families. Through Airbus Helicopters, it provides civil and military helicopters and related services. Its Defence and Space business develops products and services such as military aircraft, satellite systems, space technologies and secure communications.