Corporacion America Airports (NYSE:CAAP) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Corporacion America Airports (NYSE:CAAP) announced its quarterly earnings data on Tuesday. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18), FiscalAI reports. The company had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%.

Corporacion America Airports Trading Down 1.9%

CAAP opened at $24.02 on Tuesday. The stock has a market capitalization of $3.97 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.67 and a beta of 0.70. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.50. Corporacion America Airports has a 12 month low of $17.36 and a 12 month high of $30.50. The firm’s fifty day simple moving average is $25.60 and its 200 day simple moving average is $26.10.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Wall Street Zen lowered shares of Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Zacks Research raised shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Corporacion America Airports presently has a consensus rating of “Moderate Buy” and an average price target of $30.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CAAP. Mackenzie Financial Corp lifted its position in Corporacion America Airports by 13.3% during the 4th quarter. Mackenzie Financial Corp now owns 25,288 shares of the company’s stock worth $663,000 after buying an additional 2,972 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Corporacion America Airports in the 4th quarter valued at about $239,000. Schonfeld Strategic Advisors LLC acquired a new stake in Corporacion America Airports during the fourth quarter worth approximately $551,000. Lazard Asset Management LLC acquired a new position in shares of Corporacion America Airports in the fourth quarter valued at approximately $1,845,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Corporacion America Airports in the fourth quarter valued at approximately $426,000. 12.95% of the stock is owned by institutional investors and hedge funds.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.