Zacks: Analysts Anticipate Aircastle Limited (AYR) Will Announce Quarterly Sales of $181.68 Million
Equities research analysts forecast that Aircastle Limited (NYSE:AYR) will post sales of $181.68 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Aircastle’s earnings, with the lowest sales estimate coming in at $179.64 million and the highest estimate coming in at $182.90 million. Aircastle reported sales of $204.65 million in the same quarter last year, which indicates a negative year-over-year growth rate of 11.2%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.
On average, analysts expect that Aircastle will report full year sales of $181.68 million for the current year, with estimates ranging from $798.86 million to $802.12 million. For the next financial year, analysts anticipate that the firm will post sales of $814.55 million per share, with estimates ranging from $763.03 million to $847.61 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Aircastle.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.15. The business had revenue of $191.41 million during the quarter, compared to the consensus estimate of $184.02 million. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. Aircastle’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation bought a new position in Aircastle in the third quarter valued at approximately $111,000. SG Americas Securities LLC acquired a new stake in shares of Aircastle in the second quarter valued at approximately $121,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Aircastle in the third quarter valued at approximately $207,000. BNP Paribas Arbitrage SA lifted its position in shares of Aircastle by 203.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock valued at $204,000 after buying an additional 6,279 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in shares of Aircastle by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock valued at $210,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.
Aircastle (NYSE:AYR) opened at $24.00 on Wednesday. The stock has a market capitalization of $1,916.54, a PE ratio of 11.33, a P/E/G ratio of 2.05 and a beta of 1.86. Aircastle has a fifty-two week low of $20.50 and a fifty-two week high of $25.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.67%. This is an increase from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, November 29th. Aircastle’s dividend payout ratio (DPR) is currently 54.90%.
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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