Aircastle Limited (AYR) Announces Quarterly Results
Aircastle Limited (NYSE:AYR) released its earnings data on Wednesday. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.06, AnalystRatingsNetwork reports. The company had revenue of $176.60 million for the quarter, compared to the consensus estimate of $163.75 million.
A number of research firms have recently commented on AYR. Analysts at RBC Capital raised their price target on shares of Aircastle Limited from $20.00 to $21.00 in a research note on Wednesday, February 26th. Analysts at Morgan Stanley downgraded shares of Aircastle Limited from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, February 11th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Aircastle Limited has a consensus rating of “Hold” and an average price target of $21.50.
Shares of Aircastle Limited (NYSE:AYR) opened at 17.21 on Wednesday. Aircastle Limited has a 1-year low of $14.39 and a 1-year high of $21.35. The stock has a 50-day moving average of $18.64 and a 200-day moving average of $18.82. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 43.75.
Aircastle Limited (NYSE:AYR) is a global company that acquires, leases, and sells high-utility commercial jet aircraft to customers throughout the world.
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