Grupo Aeroportuario del Sureste (NYSE:ASR) Posts Earnings Results, Misses Expectations By $0.54 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) issued its quarterly earnings data on Thursday. The transportation company reported $4.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.92 by ($0.54), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%.The business had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million.

Grupo Aeroportuario del Sureste Stock Down 0.5%

Grupo Aeroportuario del Sureste stock opened at $268.51 on Friday. The company has a current ratio of 3.39, a quick ratio of 3.39 and a debt-to-equity ratio of 0.54. Grupo Aeroportuario del Sureste has a 1-year low of $259.01 and a 1-year high of $381.52. The firm’s fifty day simple moving average is $294.17 and its 200-day simple moving average is $321.98. The company has a market capitalization of $8.06 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.70 and a beta of 0.46.

Grupo Aeroportuario del Sureste Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 27th were issued a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is currently 106.72%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of institutional investors and hedge funds have recently made changes to their positions in ASR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at about $35,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Grupo Aeroportuario del Sureste in the fourth quarter worth $49,000. EverSource Wealth Advisors LLC grew its stake in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after acquiring an additional 50 shares during the period. Finally, State of Wyoming boosted its holdings in Grupo Aeroportuario del Sureste by 195.1% during the fourth quarter. State of Wyoming now owns 419 shares of the transportation company’s stock valued at $136,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 10.57% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ASR. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Friday, July 17th. UBS Group raised shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. Finally, JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $300.00.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.