Equities research analysts expect that Aircastle Limited (NYSE:AYR) will report $1.45 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Aircastle’s earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.38. Aircastle reported earnings of $0.72 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 101.4%. The firm is expected to announce its next earnings report before the market opens on Tuesday, February 12th.
On average, analysts expect that Aircastle will report full year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.43. For the next year, analysts anticipate that the firm will post earnings of $2.51 per share, with EPS estimates ranging from $2.29 to $2.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Aircastle.
A number of research firms have commented on AYR. Zacks Investment Research downgraded Aircastle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 30th. TheStreet raised Aircastle from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Barclays set a $22.00 price target on Aircastle and gave the stock a “hold” rating in a report on Friday, December 14th. Credit Suisse Group cut their price target on Aircastle from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, December 11th. Finally, Cowen reissued an “outperform” rating and issued a $25.00 price target (down from $26.00) on shares of Aircastle in a report on Tuesday, December 11th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Aircastle presently has a consensus rating of “Hold” and an average price target of $23.29.
A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Aircastle by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 6,570,977 shares of the transportation company’s stock worth $143,970,000 after acquiring an additional 260,928 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Aircastle by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,964,331 shares of the transportation company’s stock worth $108,768,000 after buying an additional 121,434 shares during the period. Vanguard Group Inc boosted its position in shares of Aircastle by 2.5% in the third quarter. Vanguard Group Inc now owns 4,964,331 shares of the transportation company’s stock worth $108,768,000 after buying an additional 121,434 shares during the period. BlackRock Inc. boosted its position in shares of Aircastle by 10.8% in the third quarter. BlackRock Inc. now owns 3,857,465 shares of the transportation company’s stock worth $84,518,000 after buying an additional 376,008 shares during the period. Finally, LSV Asset Management boosted its position in shares of Aircastle by 0.4% in the fourth quarter. LSV Asset Management now owns 3,740,955 shares of the transportation company’s stock worth $64,494,000 after buying an additional 16,700 shares during the period. Institutional investors own 58.03% of the company’s stock.
AYR traded up $0.22 during trading on Friday, reaching $20.06. 391,487 shares of the stock were exchanged, compared to its average volume of 281,985. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 10.73 and a beta of 1.74. Aircastle has a 1 year low of $15.75 and a 1 year high of $23.14.
Aircastle Company Profile
Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.
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