Airbus (OTCMKTS:EADSY) to Buy Back $5.62 billion in Shares

Airbus (OTCMKTS:EADSY) declared that its board has authorized a stock repurchase program on Monday, November 9th, RTT News reports. The company plans to buy back $5.62 billion in shares. This buyback authorization permits the aerospace company to buy up to 3.2% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Airbus in a research report on Wednesday, July 22nd. Morgan Stanley reissued an “overweight” rating on shares of Airbus in a research report on Friday, August 14th. Jefferies Financial Group restated a “hold” rating on shares of Airbus in a research note on Wednesday, October 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbus in a report on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Airbus Stock Performance

OTCMKTS EADSY traded up $3.57 on Monday, hitting $58.00. 515,627 shares of the stock traded hands, compared to its average volume of 680,006. The business’s fifty day moving average is $54.91 and its two-hundred day moving average is $54.23. Airbus has a 12 month low of $45.01 and a 12 month high of $64.35. The firm has a market capitalization of $183.03 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.41 and a current ratio of 1.15.

Airbus (OTCMKTS:EADSY) last issued its earnings results on Wednesday, October 28th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $20.28 billion. Airbus had a return on equity of 23.75% and a net margin of 8.05%. As a group, equities analysts anticipate that Airbus will post 2.03 EPS for the current fiscal year.

Airbus Company Profile

Airbus SE is a global aerospace company that designs, manufactures and supports commercial aircraft, helicopters, and defense and space systems. Its customers include airlines, leasing companies, governments and military organizations around the world.

The company’s commercial aircraft portfolio includes the A220, A320, A330 and A350 families. Through Airbus Helicopters, it provides civil and military helicopters and related services. Its Defence and Space business develops products and services such as military aircraft, satellite systems, space technologies and secure communications.

Airbus traces its origins to the Airbus Industrie consortium, established in 1970 by European aerospace companies to develop commercial aircraft.