Corporacion America Airports (NYSE:CAAP) Releases Earnings Results, Beats Expectations By $0.50 EPS

Corporacion America Airports (NYSE:CAAP) posted its quarterly earnings data on Friday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.50, Morningstar.com reports. Corporacion America Airports had a net margin of 2.22% and a return on equity of 3.05%. The business had revenue of $412.56 million for the quarter, compared to analyst estimates of $366.20 million.

NYSE:CAAP opened at $5.75 on Friday. Corporacion America Airports has a one year low of $4.83 and a one year high of $9.84. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.14 and a quick ratio of 1.12. The company’s 50-day simple moving average is $7.21 and its 200 day simple moving average is $7.71. The firm has a market capitalization of $931.33 million, a P/E ratio of 27.71 and a beta of 1.58.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Corporacion America Airports from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $10.75.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Corporacion America Airports by 206.2% during the fourth quarter. Legal & General Group Plc now owns 23,111 shares of the company’s stock worth $153,000 after acquiring an additional 15,564 shares in the last quarter. Northern Trust Corp bought a new stake in Corporacion America Airports during the second quarter worth about $291,000. Citadel Advisors LLC boosted its stake in Corporacion America Airports by 7.7% during the second quarter. Citadel Advisors LLC now owns 42,355 shares of the company’s stock worth $342,000 after acquiring an additional 3,024 shares in the last quarter. Millennium Management LLC boosted its stake in Corporacion America Airports by 19.1% during the fourth quarter. Millennium Management LLC now owns 101,212 shares of the company’s stock worth $671,000 after acquiring an additional 16,244 shares in the last quarter. Finally, FMR LLC boosted its stake in Corporacion America Airports by 13.9% during the fourth quarter. FMR LLC now owns 102,580 shares of the company’s stock worth $680,000 after acquiring an additional 12,500 shares in the last quarter. 12.15% of the stock is currently owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly knwona as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is based in Luxembourg City, Luxembourg. Corporación América Airports SA is a subsidiary of A.C.I.

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Earnings History for Corporacion America Airports (NYSE:CAAP)

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