Wall Street brokerages predict that Aircastle Limited (NYSE:AYR) will report earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Aircastle Limited’s earnings, with estimates ranging from $0.57 to $0.67. Aircastle Limited posted earnings of $0.28 per share in the same quarter last year, which suggests a positive year over year growth rate of 117.9%. The firm is expected to report its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Aircastle Limited will report full year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.29. For the next fiscal year, analysts expect that the business will report earnings of $2.34 per share, with EPS estimates ranging from $2.19 to $2.44. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Aircastle Limited.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings results on Thursday, May 4th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $204.22 million. Aircastle Limited had a net margin of 19.81% and a return on equity of 8.88%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS.
AYR has been the topic of several research reports. Wells Fargo & Company reiterated a “market perform” rating and issued a $24.00 price target (down from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Zacks Investment Research cut shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of Aircastle Limited in a research report on Friday, April 21st. Finally, FBR & Co dropped their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating on the stock in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.78.
A number of hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in Aircastle Limited during the fourth quarter valued at about $10,051,000. Dimensional Fund Advisors LP increased its stake in Aircastle Limited by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,629,739 shares of the transportation company’s stock valued at $111,716,000 after buying an additional 297,984 shares during the last quarter. Vanguard Group Inc. increased its stake in Aircastle Limited by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock valued at $135,829,000 after buying an additional 176,874 shares during the last quarter. James Investment Research Inc. increased its stake in Aircastle Limited by 14,409.7% in the first quarter. James Investment Research Inc. now owns 101,568 shares of the transportation company’s stock valued at $2,451,000 after buying an additional 100,868 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Aircastle Limited by 7.4% in the first quarter. Advisors Asset Management Inc. now owns 1,271,262 shares of the transportation company’s stock valued at $30,676,000 after buying an additional 87,699 shares during the last quarter. Hedge funds and other institutional investors own 63.44% of the company’s stock.
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Shares of Aircastle Limited (NYSE:AYR) traded up 1.01% during trading on Thursday, hitting $21.97. 151,422 shares of the stock were exchanged. Aircastle Limited has a 12-month low of $18.26 and a 12-month high of $25.98. The stock has a market cap of $1.73 billion, a P/E ratio of 10.98 and a beta of 1.80. The stock has a 50-day moving average of $21.95 and a 200 day moving average of $22.67.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.26 per share. The ex-dividend date was Friday, May 26th. This represents a $1.04 annualized dividend and a yield of 4.73%. Aircastle Limited’s payout ratio is presently 52.00%.
About Aircastle Limited
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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