$0.54 EPS Expected for Aircastle Limited (AYR) This Quarter

Equities analysts predict that Aircastle Limited (NYSE:AYR) will announce earnings of $0.54 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Aircastle’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.48. Aircastle reported earnings of $0.72 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Aircastle will report full year earnings of $2.24 per share for the current year, with EPS estimates ranging from $1.65 to $2.79. For the next year, analysts expect that the firm will report earnings of $2.58 per share, with EPS estimates ranging from $1.70 to $3.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Aircastle.

Aircastle (NYSE:AYR) last released its quarterly earnings data on Tuesday, February 12th. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $282.86 million. Aircastle had a net margin of 27.77% and a return on equity of 12.57%. Aircastle’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS.

Several equities research analysts have recently weighed in on the stock. TheStreet cut shares of Aircastle from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. Zacks Investment Research downgraded shares of Aircastle from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Bank of America downgraded shares of Aircastle from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $23.00 to $20.00 in a report on Thursday, February 14th. ValuEngine upgraded shares of Aircastle from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Goldman Sachs Group initiated coverage on shares of Aircastle in a report on Monday, April 8th. They set a “sell” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Aircastle currently has a consensus rating of “Hold” and a consensus target price of $21.86.

In other news, insider Michael Kriedberg sold 35,000 shares of Aircastle stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $20.45, for a total value of $715,750.00. Following the completion of the transaction, the insider now owns 180,968 shares in the company, valued at $3,700,795.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Denali Advisors LLC boosted its position in shares of Aircastle by 6,124.4% during the 1st quarter. Denali Advisors LLC now owns 13,009 shares of the transportation company’s stock valued at $263,000 after acquiring an additional 12,800 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Aircastle by 12.8% during the first quarter. First Hawaiian Bank now owns 40,658 shares of the transportation company’s stock worth $823,000 after purchasing an additional 4,600 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Aircastle by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 582,246 shares of the transportation company’s stock worth $10,037,000 after purchasing an additional 44,745 shares during the last quarter. Norges Bank bought a new stake in shares of Aircastle during the fourth quarter worth $16,038,000. Finally, Millennium Management LLC lifted its position in shares of Aircastle by 213.4% during the fourth quarter. Millennium Management LLC now owns 352,344 shares of the transportation company’s stock worth $6,074,000 after purchasing an additional 239,909 shares during the last quarter. Hedge funds and other institutional investors own 58.66% of the company’s stock.

Aircastle stock opened at $20.35 on Friday. The stock has a market cap of $1.53 billion, a PE ratio of 6.42 and a beta of 1.72. Aircastle has a fifty-two week low of $15.75 and a fifty-two week high of $23.14.

About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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