Ryanair (RYAAY) Projected to Post Quarterly Earnings on Monday

Ryanair (NASDAQ:RYAAY) is expected to issue its results before the market opens on Monday, May 18th. Analysts expect the company to announce earnings of ($0.96) per share and revenue of $3.0818 billion for the quarter.

Ryanair Price Performance

Shares of RYAAY opened at $58.07 on Monday. The company has a 50 day moving average price of $60.51 and a 200-day moving average price of $64.93. Ryanair has a fifty-two week low of $49.40 and a fifty-two week high of $74.24. The stock has a market capitalization of $30.31 billion, a PE ratio of 11.66, a PEG ratio of 0.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.67 and a current ratio of 0.67.

Institutional Trading of Ryanair

Several hedge funds have recently modified their holdings of RYAAY. Goldman Sachs Group Inc. lifted its position in shares of Ryanair by 658.1% during the first quarter. Goldman Sachs Group Inc. now owns 992,245 shares of the transportation company’s stock valued at $42,041,000 after buying an additional 861,361 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Ryanair by 122.1% during the second quarter. American Century Companies Inc. now owns 13,011 shares of the transportation company’s stock valued at $750,000 after buying an additional 7,152 shares during the last quarter. CW Advisors LLC purchased a new stake in shares of Ryanair during the second quarter valued at about $263,000. EverSource Wealth Advisors LLC lifted its position in shares of Ryanair by 99.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the transportation company’s stock valued at $117,000 after buying an additional 1,013 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Ryanair during the second quarter valued at about $295,000. 43.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RYAAY has been the subject of several research reports. Zacks Research cut shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Sanford C. Bernstein upgraded shares of Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Erste Group Bank lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Ryanair in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered shares of Ryanair from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ryanair has a consensus rating of “Moderate Buy” and an average target price of $75.67.

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.