News coverage about Aircastle (NYSE:AYR) has been trending positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aircastle earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 46.2147929967564 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Aircastle to Present at the J.P. Morgan Aviation, Transportation and Industrials Conference (finance.yahoo.com)
- JPMorgan Chase & Co. Lowers Aircastle (AYR) Price Target to $24.00 (americanbankingnews.com)
- Aircastle Limited (AYR) Shares Sold by Donald Smith & CO. Inc. (americanbankingnews.com)
- Aircastle Limited (AYR) Position Lifted by Schwab Charles Investment Management Inc. (americanbankingnews.com)
- Arrowstreet Capital Limited Partnership Has $5.30 Million Position in Aircastle Limited (AYR) (americanbankingnews.com)
A number of analysts have commented on AYR shares. Citigroup started coverage on Aircastle in a research report on Friday, December 8th. They issued a “neutral” rating and a $25.00 price target for the company. Cowen restated a “market perform” rating and issued a $24.00 price target (down previously from $26.00) on shares of Aircastle in a research report on Tuesday, February 13th. Stephens upgraded Aircastle from an “underweight” rating to an “equal” rating and set a $24.00 price target for the company in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating on shares of Aircastle in a research report on Wednesday, February 14th. Finally, Zacks Investment Research cut Aircastle from a “hold” rating to a “strong sell” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.60.
Aircastle (NYSE:AYR) last released its earnings results on Tuesday, February 13th. The transportation company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Aircastle had a return on equity of 8.41% and a net margin of 18.56%. The firm had revenue of $177.40 million during the quarter, compared to analysts’ expectations of $184.09 million. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. analysts expect that Aircastle will post 1.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Tuesday, February 27th. Aircastle’s dividend payout ratio is currently 60.87%.
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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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