Ryanair (RYAAY) Projected to Announce Quarterly Earnings on Monday

Ryanair (NASDAQ:RYAAY) is projected to post its results before the market opens on Monday, July 20th. Analysts expect the company to post earnings of $1.37 per share and revenue of $5.0573 billion for the quarter.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) EPS for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a net margin of 13.95% and a return on equity of 25.58%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. On average, analysts expect Ryanair to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ryanair Stock Performance

NASDAQ:RYAAY opened at $64.63 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $33.63 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15. The firm has a 50-day moving average price of $60.07 and a two-hundred day moving average price of $63.34. Ryanair has a twelve month low of $53.14 and a twelve month high of $74.24.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Sanford C. Bernstein set a $79.00 price target on shares of Ryanair in a research report on Monday, July 6th. Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Zacks Research lowered Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Weiss Ratings cut Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Citigroup reissued a “buy” rating on shares of Ryanair in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and an average target price of $78.33.

Insiders Place Their Bets

In other Ryanair news, insider John Jh Hurley sold 15,000 shares of Ryanair stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $31.24, for a total value of $468,600.00. Following the completion of the sale, the insider directly owned 76,025 shares of the company’s stock, valued at approximately $2,375,021. The trade was a 16.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total value of $365,518.53. Following the completion of the transaction, the insider owned 46,264 shares of the company’s stock, valued at $1,203,326.64. This trade represents a 23.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 126,607 shares of company stock valued at $3,386,997.

Institutional Investors Weigh In On Ryanair

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Ryanair by 41.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 197 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its position in Ryanair by 76.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 484 shares of the transportation company’s stock worth $29,000 after buying an additional 209 shares during the period. NewEdge Advisors LLC lifted its position in Ryanair by 1.0% during the fourth quarter. NewEdge Advisors LLC now owns 20,873 shares of the transportation company’s stock worth $1,507,000 after buying an additional 213 shares during the period. Finally, Benjamin Edwards Inc. boosted its stake in Ryanair by 3.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,834 shares of the transportation company’s stock worth $336,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 43.66% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.