$181.68 Million in Sales Expected for Aircastle Limited (AYR) This Quarter

Equities analysts expect Aircastle Limited (NYSE:AYR) to report sales of $181.68 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Aircastle’s earnings, with estimates ranging from $179.64 million to $182.90 million. Aircastle reported sales of $204.65 million in the same quarter last year, which would suggest a negative year over year growth rate of 11.2%. The company is expected 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 fiscal year, with estimates ranging from $798.86 million to $802.12 million. For the next financial year, analysts forecast that the firm will report sales of $814.55 million per share, with estimates ranging from $763.03 million to $847.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Aircastle.

Aircastle (NYSE:AYR) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. The company had revenue of $191.41 million during the quarter, compared to analysts’ expectations of $184.02 million. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share.

A number of research firms have recently commented on AYR. Credit Suisse Group boosted their target price on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Citigroup began coverage on shares of Aircastle in a research note on Friday, December 8th. They set a “neutral” rating and a $25.00 target price for the company. ValuEngine cut shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Cowen reissued a “hold” rating and set a $26.00 target price on shares of Aircastle in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.11.

A number of large investors have recently bought and sold shares of AYR. Northern Trust Corp lifted its holdings in shares of Aircastle by 36.0% in the 2nd quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after acquiring an additional 535,106 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aircastle by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after acquiring an additional 413,818 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Aircastle by 307.2% in the 3rd quarter. Citadel Advisors LLC now owns 348,637 shares of the transportation company’s stock worth $7,771,000 after acquiring an additional 263,014 shares during the last quarter. Dean Capital Management acquired a new position in shares of Aircastle in the 2nd quarter worth approximately $3,578,000. Finally, State Street Corp lifted its holdings in shares of Aircastle by 6.7% in the 2nd quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after acquiring an additional 72,112 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

Shares of Aircastle (AYR) opened at $23.69 on Tuesday. The company has a market cap of $1,860.00, a PE ratio of 11.61, a PEG ratio of 1.46 and a beta of 1.87. Aircastle has a one year low of $20.84 and a one year high of $25.98.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.73%. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, November 29th. Aircastle’s payout ratio is presently 54.90%.

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Aircastle Company Profile

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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