Aircastle Limited Receives Average Recommendation of “Hold” from Analysts (NYSE:AYR)
Aircastle Limited (NYSE:AYR) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.36.
Aircastle Limited (NYSE:AYR) opened at 18.81 on Thursday. Aircastle Limited has a 52 week low of $16.01 and a 52 week high of $21.35. The stock’s 50-day moving average is $18.0 and its 200-day moving average is $18.21. The company’s market cap is $1.524 billion.
Aircastle Limited (NYSE:AYR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts expect that Aircastle Limited will post $1.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders 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 4.25%. The ex-dividend date is Wednesday, August 27th.
In other Aircastle Limited news, EVP Joseph Schreiner sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.50, for a total value of $195,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Aircastle Limited in a research note on Wednesday, August 13th. 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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