Equities research analysts forecast that Aircastle Limited (NYSE:AYR) will report earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Aircastle’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.64. Aircastle reported earnings of $0.90 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 32.2%. The company is expected to report its next quarterly earnings report on Tuesday, February 13th.
On average, analysts expect that Aircastle will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.03 to $2.07. For the next year, analysts expect that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.30 to $2.50. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Aircastle.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.15. The company had revenue of $191.41 million for the quarter, compared to the consensus estimate of $184.02 million. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS.
Aircastle (NYSE AYR) traded up $0.34 during mid-day trading on Friday, hitting $23.98. The stock had a trading volume of 308,736 shares, compared to its average volume of 249,214. Aircastle has a one year low of $20.84 and a one year high of $25.98. The firm has a market cap of $1,890.00, a P/E ratio of 11.75, a P/E/G ratio of 1.46 and a beta of 1.87.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.28 dividend. This is a boost from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.67%. Aircastle’s dividend payout ratio (DPR) is presently 54.90%.
A number of large investors have recently modified their holdings of AYR. Russell Investments Group Ltd. lifted its stake in Aircastle by 9.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 20,812 shares of the transportation company’s stock valued at $453,000 after purchasing an additional 1,822 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Aircastle by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 358,178 shares of the transportation company’s stock valued at $7,791,000 after purchasing an additional 17,411 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Aircastle in the 2nd quarter valued at about $121,000. Bank of New York Mellon Corp lifted its stake in Aircastle by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 241,414 shares of the transportation company’s stock valued at $5,252,000 after purchasing an additional 3,957 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Aircastle by 2.7% during the second quarter. Legal & General Group Plc now owns 62,562 shares of the transportation company’s stock worth $1,361,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aircastle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aircastle and related companies with MarketBeat.com's FREE daily email newsletter.