Ryanair (RYAAY) Projected to Announce Quarterly Earnings on Monday

Ryanair (NASDAQ:RYAAY) will likely be announcing its results before the market opens on Monday, July 20th. Analysts expect the company to post earnings of $1.37 per share and revenue of $5.0640 billion for the quarter.

Ryanair (NASDAQ:RYAAY) last posted its quarterly earnings data on Tuesday, May 19th. The transportation company reported ($0.86) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.09. Ryanair had a return on equity of 25.58% and a net margin of 13.95%.The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $3.08 billion. On average, analysts expect Ryanair to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ryanair Stock Down 5.7%

RYAAY opened at $62.57 on Friday. The stock has a fifty day moving average of $60.84 and a 200-day moving average of $63.11. The company has a market capitalization of $32.56 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.61 and a beta of 1.15. Ryanair has a fifty-two week low of $53.14 and a fifty-two week high of $74.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90.

Wall Street Analyst Weigh In

RYAAY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Ryanair in a research report on Tuesday. Zacks Research lowered shares of Ryanair from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Ryanair in a report on Monday, June 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a research report on Tuesday, May 19th. Finally, Citigroup reiterated a “buy” rating on shares of Ryanair in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ryanair has an average rating of “Moderate Buy” and an average target price of $78.33.

Insiders Place Their Bets

In related news, insider Jason Paul Mcguinness sold 12,562 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the sale, the insider owned 24,304 shares of the company’s stock, valued at $632,147.04. This represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Juliusz Grzegorz Komorek sold 14,053 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $365,518.53. Following the sale, the insider owned 46,264 shares in the company, valued at $1,203,326.64. The trade was a 23.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 126,607 shares of company stock valued at $3,386,997 over the last 90 days.

Institutional Trading of Ryanair

Large investors have recently made changes to their positions in the company. Corient Private Wealth LLC bought a new stake in Ryanair during the fourth quarter worth $235,000. Invesco Ltd. raised its holdings in shares of 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 in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of 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 in the last quarter. NewEdge Advisors LLC lifted its position in shares of 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 last quarter. Finally, Wellington Management Group LLP lifted its position in shares of 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 last quarter. Institutional investors and hedge funds 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.