Grupo Aeroportuario del Sureste (NYSE:ASR) Releases Earnings Results, Misses Estimates By $0.01 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) posted its quarterly earnings data on Tuesday. The transportation company reported $5.03 earnings per share for the quarter, missing analysts’ consensus estimates of $5.04 by ($0.01), Zacks reports. The firm had revenue of $636.39 million during the quarter, compared to analyst estimates of $500.58 million. Grupo Aeroportuario del Sureste had a net margin of 27.93% and a return on equity of 21.10%.

Grupo Aeroportuario del Sureste Price Performance

ASR opened at $367.29 on Thursday. Grupo Aeroportuario del Sureste has a 52-week low of $249.21 and a 52-week high of $381.52. The company has a 50 day moving average of $343.39 and a two-hundred day moving average of $325.99. The company has a market cap of $11.02 billion, a P/E ratio of 19.95 and a beta of 0.56. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

Several analysts have commented on ASR shares. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, December 4th. Zacks Research raised shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, November 14th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target on the stock. in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $300.00.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of institutional investors have recently added to or reduced their stakes in ASR. Deutsche Bank AG increased its holdings in Grupo Aeroportuario del Sureste by 90.6% in the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after purchasing an additional 89,239 shares in the last quarter. Morgan Stanley boosted its position in shares of Grupo Aeroportuario del Sureste by 20.4% in the fourth quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock worth $59,792,000 after buying an additional 31,298 shares during the period. Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario del Sureste in the second quarter valued at about $7,310,000. Pillsbury Lake Capital LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at about $6,483,000. Finally, Millennium Management LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 157.0% during the 4th quarter. Millennium Management LLC now owns 17,870 shares of the transportation company’s stock valued at $5,779,000 after buying an additional 10,917 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.