Wall Street analysts predict that Aircastle Limited (NYSE:AYR) will report earnings per share of $0.52 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Aircastle’s earnings, with estimates ranging from $0.42 to $0.60. Aircastle posted earnings per share of $0.67 in the same quarter last year, which indicates a negative year over year growth rate of 22.4%. The company is scheduled to issue its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Aircastle will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $1.67 to $2.42. For the next fiscal year, analysts forecast that the business will post earnings of $2.57 per share, with EPS estimates ranging from $1.70 to $3.00. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Aircastle.
Aircastle (NYSE:AYR) last announced its earnings results on Thursday, May 2nd. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $213.93 million for the quarter, compared to analysts’ expectations of $202.84 million. Aircastle had a net margin of 24.90% and a return on equity of 11.31%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS.
In other Aircastle news, Director Ronald Merriman sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $20.06, for a total transaction of $200,600.00. Following the sale, the director now directly owns 7,831 shares in the company, valued at approximately $157,089.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. acquired a new position in shares of Aircastle during the first quarter valued at $81,000. Advisor Group Inc. boosted its position in Aircastle by 82.1% during the 4th quarter. Advisor Group Inc. now owns 7,848 shares of the transportation company’s stock worth $134,000 after acquiring an additional 3,538 shares during the period. Independent Advisor Alliance acquired a new stake in Aircastle during the 1st quarter worth about $217,000. Campbell & CO Investment Adviser LLC acquired a new stake in Aircastle during the 1st quarter worth about $223,000. Finally, Paloma Partners Management Co acquired a new stake in Aircastle during the 4th quarter worth about $241,000. Institutional investors own 57.03% of the company’s stock.
Shares of Aircastle stock traded up $0.43 during trading on Wednesday, reaching $20.86. The company’s stock had a trading volume of 11,200 shares, compared to its average volume of 315,441. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.58 and a beta of 1.59. The stock has a 50-day moving average price of $20.06. Aircastle has a fifty-two week low of $15.75 and a fifty-two week high of $22.27.
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.75%. Aircastle’s payout ratio is currently 37.85%.
Aircastle announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 6.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Aircastle Company Profile
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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