Aircastle Limited (NYSE:AYR) Set to Announce Quarterly Earnings on Wednesday
Aircastle Limited (NYSE:AYR) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Aircastle Limited (NYSE:AYR) last released its quarterly earnings data on Thursday, May 4th. The transportation company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.22 million. Aircastle Limited had a return on equity of 8.88% and a net margin of 19.81%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. On average, analysts expect Aircastle Limited to post $2.38 EPS for the current fiscal year and $2.43 EPS for the next fiscal year.
Shares of Aircastle Limited (NYSE:AYR) opened at 23.61 on Wednesday. The company has a 50 day moving average price of $21.94 and a 200 day moving average price of $22.77. Aircastle Limited has a 12-month low of $18.26 and a 12-month high of $25.98. The company has a market capitalization of $1.86 billion, a P/E ratio of 11.81 and a beta of 1.80.
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A number of equities research analysts have commented on AYR shares. Zacks Investment Research cut shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Barclays PLC started coverage on shares of Aircastle Limited in a report on Monday, July 10th. They issued an “equal weight” rating and a $24.00 price target for the company. Wells Fargo & Company restated a “market perform” rating and issued a $24.00 price target (down from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. FBR & Co reduced their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price target on shares of Aircastle Limited in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.20.
About Aircastle Limited
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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