Grupo Aeroportuario del Sureste (NYSE:ASR) Posts Quarterly Earnings Results, Misses Estimates By $0.54 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) posted its earnings results on Thursday. The transportation company reported $4.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 21.77% and a net margin of 26.32%.

Grupo Aeroportuario del Sureste Stock Performance

Shares of Grupo Aeroportuario del Sureste stock traded down $3.98 during trading on Thursday, reaching $269.55. The company’s stock had a trading volume of 64,919 shares, compared to its average volume of 68,642. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $295.35 and its 200-day moving average price is $322.74. Grupo Aeroportuario del Sureste has a 52 week low of $268.70 and a 52 week high of $381.52. The firm has a market cap of $8.09 billion, a PE ratio of 14.97, a P/E/G ratio of 1.70 and a beta of 0.46.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date of this dividend was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 110.22%.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors have recently bought and sold shares of the business. Compound Planning Inc. raised its position in shares of Grupo Aeroportuario del Sureste by 4.3% in the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock valued at $228,000 after buying an additional 29 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Grupo Aeroportuario del Sureste by 3.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after purchasing an additional 39 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after purchasing an additional 50 shares during the period. Ieq Capital LLC raised its stake in Grupo Aeroportuario del Sureste by 8.2% in the fourth quarter. Ieq Capital LLC now owns 711 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 54 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Grupo Aeroportuario del Sureste in the fourth quarter valued at about $35,000. Institutional investors own 10.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ASR shares. JPMorgan Chase & Co. cut shares of Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, July 17th. Finally, UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average target price of $300.00.

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.