Zacks: Analysts Expect Aircastle Limited (AYR) Will Announce Earnings of $0.48 Per Share

Wall Street brokerages predict that Aircastle Limited (NYSE:AYR) will post earnings per share of $0.48 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Aircastle’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.55. Aircastle reported earnings of $0.82 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 41.5%. The business is expected to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Aircastle will report full year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.55. For the next financial year, analysts expect that the business will report earnings of $2.45 per share, with EPS estimates ranging from $1.92 to $2.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Aircastle.

Aircastle (NYSE:AYR) last issued its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.14. The firm had revenue of $204.28 million for the quarter, compared to analysts’ expectations of $194.60 million. Aircastle had a return on equity of 11.70% and a net margin of 28.40%.

A number of brokerages have weighed in on AYR. ValuEngine raised Aircastle from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Cowen raised Aircastle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $26.00 in a report on Thursday, September 27th. Finally, Zacks Investment Research lowered Aircastle from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.71.

AYR stock traded down $0.14 during trading on Monday, hitting $21.24. The company had a trading volume of 264,100 shares, compared to its average volume of 409,898. Aircastle has a 1-year low of $18.97 and a 1-year high of $25.30. The stock has a market capitalization of $1.71 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Thursday, August 30th. Aircastle’s dividend payout ratio is presently 59.89%.

In other Aircastle news, Director Ronald Merriman sold 7,500 shares of Aircastle stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $21.26, for a total value of $159,450.00. Following the sale, the director now owns 21,024 shares of the company’s stock, valued at approximately $446,970.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AYR. SG Americas Securities LLC purchased a new stake in shares of Aircastle during the 1st quarter worth approximately $118,000. Swiss National Bank boosted its stake in shares of Aircastle by 4.7% during the 1st quarter. Swiss National Bank now owns 95,900 shares of the transportation company’s stock worth $1,905,000 after acquiring an additional 4,300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Aircastle by 7.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 428,569 shares of the transportation company’s stock worth $8,512,000 after acquiring an additional 28,725 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Aircastle by 202.7% during the 1st quarter. GSA Capital Partners LLP now owns 38,258 shares of the transportation company’s stock worth $760,000 after acquiring an additional 25,617 shares in the last quarter. Finally, Bain Capital Credit LP purchased a new stake in shares of Aircastle during the 1st quarter worth approximately $6,393,000. 57.84% of the stock is currently owned by institutional investors.

Aircastle Company Profile

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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