Ryanair Holdings PLC (NASDAQ:RYAAY) released its quarterly earnings data on Monday. The transportation company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.48 by $0.30, Morningstar.com reports. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion. Ryanair Holdings PLC had a net margin of 20.01% and a return on equity of 33.23%.

Ryanair Holdings PLC (RYAAY) opened at 114.56 on Tuesday. Ryanair Holdings PLC has a 1-year low of $67.22 and a 1-year high of $115.97.

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Ryanair Holdings PLC declared that its board has initiated a stock repurchase plan on Tuesday, May 30th that permits the company to repurchase shares. This repurchase authorization permits the transportation company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of RYAAY. Quantbot Technologies LP purchased a new position in Ryanair Holdings PLC during the first quarter worth $106,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Ryanair Holdings PLC during the second quarter valued at approximately $108,000. FNY Partners Fund LP bought a new stake in shares of Ryanair Holdings PLC during the first quarter valued at approximately $156,000. PNC Financial Services Group Inc. raised its stake in shares of Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock valued at $160,000 after buying an additional 98 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Ryanair Holdings PLC during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

RYAAY has been the topic of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Ryanair Holdings PLC in a report on Monday, June 26th. They issued an “underperform” rating and a $83.00 price objective on the stock. Zacks Investment Research downgraded shares of Ryanair Holdings PLC from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised shares of Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.56 to $109.00 in a report on Thursday, June 15th. Citigroup Inc. downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. Finally, ValuEngine downgraded shares of Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $100.33.

About Ryanair Holdings PLC

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

Earnings History for Ryanair Holdings PLC (NASDAQ:RYAAY)

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