Aircastle Ltd. (NYSE:AYR) is scheduled to issue its Q316 quarterly earnings data on Tuesday, November 1st. Analysts expect the company to announce earnings of $0.43 per share and revenue of $189.93 million for the quarter.
Aircastle (NYSE:AYR) last posted its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.10. Aircastle had a return on equity of 5.70% and a net margin of 11.68%. The firm had revenue of $190 million for the quarter, compared to analyst estimates of $188.25 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts expect Aircastle to post $1.71 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.
Aircastle Ltd. (NYSE:AYR) opened at 20.64 on Monday. Aircastle Ltd. has a 52-week low of $15.06 and a 52-week high of $23.20. The firm has a market capitalization of $1.62 billion, a PE ratio of 17.85 and a beta of 1.84. The stock’s 50 day moving average is $20.10 and its 200-day moving average is $20.95.
In other news, insider Joseph Schreiner sold 4,998 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $21.77, for a total value of $108,806.46. Following the completion of the sale, the insider now directly owns 35,208 shares of the company’s stock, valued at $766,478.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Aircastle by 247.2% in the second quarter. BlackRock Inc. now owns 14,150 shares of the company’s stock valued at $277,000 after buying an additional 10,075 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Aircastle by 567.3% in the second quarter. JPMorgan Chase & Co. now owns 15,068 shares of the company’s stock valued at $295,000 after buying an additional 12,810 shares in the last quarter. Raymond James & Associates boosted its stake in Aircastle by 2.8% in the second quarter. Raymond James & Associates now owns 638,693 shares of the company’s stock valued at $12,493,000 after buying an additional 17,251 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Aircastle during the second quarter valued at $349,000. Finally, Marshall Wace LLP acquired a new stake in Aircastle during the second quarter valued at $436,000. 64.88% of the stock is owned by institutional investors.
AYR has been the topic of a number of research reports. FBR & Co downgraded Aircastle from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $24.00 to $23.00 in a report on Friday, August 5th. TheStreet downgraded Aircastle from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Finally, Zacks Investment Research downgraded Aircastle from a “buy” rating to a “hold” rating in a report on Monday, July 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.00.
Aircastle Company Profile