Corporación América Airports (NYSE:CAAP) Announces Earnings Results, Beats Estimates By $0.06 EPS

Corporación América Airports (NYSE:CAAP) announced its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06, Zacks reports. Corporación América Airports had a return on equity of 28.13% and a net margin of 20.78%.

Corporación América Airports Stock Performance

Shares of CAAP opened at $18.48 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $18.94 and its 200-day moving average price is $18.53. Corporación América Airports has a 52 week low of $13.97 and a 52 week high of $20.79. The stock has a market cap of $3.02 billion, a P/E ratio of 8.54 and a beta of 1.97.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. began coverage on Corporación América Airports in a research report on Friday, March 14th. They set an “overweight” rating and a $22.50 price objective on the stock.

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.