Aircastle Limited Given Average Recommendation of “Hold” by Analysts (NYSE:AYR)
Aircastle Limited (NYSE:AYR) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.36.
Shares of Aircastle Limited (NYSE:AYR) traded up 0.72% during mid-day trading on Thursday, hitting $19.258. The stock had a trading volume of 107,841 shares. Aircastle Limited has a 52-week low of $16.01 and a 52-week high of $21.35. The stock has a 50-day moving average of $17.92 and a 200-day moving average of $18.20. The company’s market cap is $1.560 billion.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.09. The company had revenue of $187.10 million for the quarter, compared to the consensus estimate of $181.03 million. During the same quarter last year, the company posted $0.67 earnings per share. Aircastle Limited’s revenue was up 32.7% compared to the same quarter last year. Analysts expect that Aircastle Limited will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, August 27th.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Aircastle Limited in a research note on Wednesday. They now have a $20.50 price target on the stock, up previously from $19.50.
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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