Ryanair (NASDAQ:RYAAY) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Ryanair (NASDAQ:RYAAY) announced its earnings results on Monday. The transportation company reported ($0.86) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09, Zacks reports. Ryanair had a net margin of 13.95% and a return on equity of 26.91%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $3.08 billion.

Ryanair Stock Performance

Shares of RYAAY stock opened at $54.16 on Wednesday. The company’s fifty day simple moving average is $58.92 and its 200-day simple moving average is $64.61. Ryanair has a 52 week low of $53.14 and a 52 week high of $74.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02. The company has a market cap of $28.20 billion, a PE ratio of 11.50, a P/E/G ratio of 0.70 and a beta of 1.13.

Analyst Ratings Changes

RYAAY has been the topic of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Ryanair in a research report on Tuesday, January 27th. Erste Group Bank downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research downgraded shares of Ryanair from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein raised shares of Ryanair from a “market perform” rating to an “outperform” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Hedge Funds Weigh In On Ryanair

A number of hedge funds have recently made changes to their positions in RYAAY. Corient Private Wealth LLC purchased a new stake in Ryanair during the 4th quarter worth $235,000. Invesco Ltd. increased its stake in Ryanair by 7.0% during the 4th quarter. Invesco Ltd. now owns 96,337 shares of the transportation company’s stock worth $6,955,000 after buying an additional 6,331 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Ryanair by 1.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,238 shares of the transportation company’s stock worth $3,049,000 after buying an additional 413 shares during the period. NewEdge Advisors LLC increased its stake in Ryanair by 1.0% during the 4th quarter. NewEdge Advisors LLC now owns 20,873 shares of the transportation company’s stock worth $1,507,000 after buying an additional 213 shares during the period. Finally, Wellington Management Group LLP increased its stake in Ryanair by 58.0% during the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after buying an additional 1,429,666 shares during the period. Hedge funds and other institutional investors own 43.66% of the company’s stock.

About Ryanair

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.