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

Equities analysts predict that Aircastle Limited (NYSE:AYR) will report $181.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Aircastle’s earnings, with the highest sales estimate coming in at $182.90 million and the lowest estimate coming in at $179.64 million. Aircastle posted sales of $204.65 million during the same quarter last year, which suggests a negative year over year growth rate of 11.2%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, February 13th.

According to Zacks, 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 year, analysts expect that the firm will post sales of $814.55 million per share, with estimates ranging from $763.03 million to $847.61 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Aircastle.

AYR has been the subject of several research reports. ValuEngine cut shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Credit Suisse Group upped their price target on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Citigroup initiated coverage on shares of Aircastle in a research report on Friday, December 8th. They issued a “neutral” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.11.

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Aircastle by 56.2% during the second quarter. JPMorgan Chase & Co. now owns 26,715 shares of the transportation company’s stock valued at $581,000 after acquiring an additional 9,611 shares during the last quarter. Wells Fargo & Company MN lifted its position in Aircastle by 12.2% during the second quarter. Wells Fargo & Company MN now owns 121,120 shares of the transportation company’s stock valued at $2,635,000 after acquiring an additional 13,157 shares during the last quarter. Alliancebernstein L.P. lifted its position in Aircastle by 3.4% during the second quarter. Alliancebernstein L.P. now owns 67,746 shares of the transportation company’s stock valued at $1,473,000 after acquiring an additional 2,246 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Aircastle by 25.5% during the second quarter. Ameriprise Financial Inc. now owns 111,131 shares of the transportation company’s stock valued at $2,417,000 after acquiring an additional 22,604 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Aircastle by 0.6% during the second quarter. California Public Employees Retirement System now owns 192,600 shares of the transportation company’s stock valued at $4,189,000 after acquiring an additional 1,100 shares during the last quarter. 60.87% of the stock is owned by hedge funds and other institutional investors.

Shares of Aircastle (NYSE:AYR) opened at $21.54 on Monday. Aircastle has a 52-week low of $20.84 and a 52-week high of $25.98. The firm has a market cap of $1,695.37, a P/E ratio of 10.56, a PEG ratio of 0.90 and a beta of 1.77.

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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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