Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) released its earnings results on Tuesday. The transportation company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.46 by $0.27, reports. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 25.99% and a net margin of 49.57%. The company had revenue of $395.80 million during the quarter.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Up 0.1 %

NYSE:ASR opened at $267.20 on Friday. The company has a market capitalization of $8.02 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52-week low of $203.77 and a 52-week high of $357.90. The stock has a fifty day simple moving average of $276.95 and a 200-day simple moving average of $302.46. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $274.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 64.7% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the transportation company’s stock worth $100,000 after purchasing an additional 123 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 62.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 840 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 322 shares in the last quarter. Ballentine Partners LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the first quarter valued at $249,000. Sequoia Financial Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 12.0% during the first quarter. Sequoia Financial Advisors LLC now owns 813 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 87 shares during the last quarter. Finally, Leuthold Group LLC purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 3rd quarter worth about $331,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.