Corporación América Airports (NYSE:CAAP) Posts Earnings Results, Misses Estimates By $0.02 EPS

Corporación América Airports (NYSE:CAAP) announced its quarterly earnings results on Wednesday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02), Yahoo Finance reports. The firm had revenue of $416.20 million for the quarter. Corporación América Airports had a net margin of 23.65% and a return on equity of 39.57%. During the same quarter in the prior year, the company posted $0.43 EPS.

Corporación América Airports Stock Up 1.6 %

Corporación América Airports stock traded up $0.24 during mid-day trading on Friday, reaching $15.35. 167,726 shares of the company were exchanged, compared to its average volume of 147,320. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.12 and a current ratio of 1.14. The firm has a market cap of $2.51 billion, a P/E ratio of 6.09 and a beta of 2.12. The business has a fifty day moving average of $16.42 and a 200 day moving average of $16.49. Corporación América Airports has a 12-month low of $10.57 and a 12-month high of $18.89.

Wall Street Analyst Weigh In

Separately, Citigroup increased their target price on shares of Corporación América Airports from $21.00 to $21.50 and gave the stock a “buy” rating in a report on Monday, June 3rd.

Corporación América Airports Company Profile

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.