Ryanair (NASDAQ:RYAAY) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Ryanair (NASDAQ:RYAAY) announced its earnings results on Monday. The transportation company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.09), Zacks reports. Ryanair had a return on equity of 20.01% and a net margin of 11.38%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the firm earned $2.88 EPS.

Ryanair Trading Down 0.8 %

Shares of RYAAY traded down $0.36 on Wednesday, hitting $45.93. 548,578 shares of the stock traded hands, compared to its average volume of 1,613,103. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.29. The stock’s 50 day moving average is $75.40 and its two-hundred day moving average is $102.54. The firm has a market capitalization of $25.13 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.58 and a beta of 1.54. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

A number of brokerages have issued reports on RYAAY. Hsbc Global Res raised Ryanair to a “hold” rating in a research report on Friday, July 12th. StockNews.com raised shares of Ryanair from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Citigroup raised Ryanair to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised shares of Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and an average price target of $154.67.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.