Ryanair (NASDAQ:RYAAY) Releases Earnings Results, Misses Expectations By $0.18 EPS

Ryanair (NASDAQ:RYAAY) issued its quarterly earnings results on Monday. The transportation company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18), Zacks reports. Ryanair had a net margin of 13.95% and a return on equity of 25.58%.

Ryanair Trading Down 4.6%

Shares of NASDAQ:RYAAY opened at $59.67 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $31.00 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.61 and a beta of 1.15. Ryanair has a 1-year low of $53.14 and a 1-year high of $74.24. The company has a 50 day moving average price of $60.84 and a 200 day moving average price of $63.04.

Insider Activity at Ryanair

In other news, CMO Dara Brady sold 8,973 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $233,387.73. Following the sale, the chief marketing officer directly owned 17,550 shares of the company’s stock, valued at $456,475.50. The trade was a 33.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the transaction, the insider owned 76,025 shares in the company, valued at $2,375,021. This represents a 16.48% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 126,607 shares of company stock worth $3,386,997.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC bought a new stake in Ryanair in the 4th quarter valued at $235,000. Invesco Ltd. grew its holdings in shares of Ryanair by 7.0% during the 4th quarter. Invesco Ltd. now owns 96,337 shares of the transportation company’s stock worth $6,955,000 after purchasing an additional 6,331 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Ryanair by 1.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,238 shares of the transportation company’s stock valued at $3,049,000 after purchasing an additional 413 shares during the period. NewEdge Advisors LLC raised its stake in shares of Ryanair by 1.0% in the fourth quarter. NewEdge Advisors LLC now owns 20,873 shares of the transportation company’s stock valued at $1,507,000 after purchasing an additional 213 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Ryanair by 58.0% in the fourth quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after purchasing an additional 1,429,666 shares during the period. Institutional investors own 43.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RYAAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a research note on Tuesday, July 14th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research note on Monday, June 22nd. Sanford C. Bernstein set a $79.00 price target on Ryanair in a report on Monday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.33.

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.