Ryanair (NASDAQ:RYAAY) Issues Earnings Results

Ryanair (NASDAQ:RYAAY) announced its quarterly earnings results on Monday. The transportation company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.09), Zacks reports. Ryanair had a net margin of 11.38% and a return on equity of 20.01%. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter last year, the business earned $2.88 EPS.

Ryanair Stock Performance

Ryanair stock traded down $0.41 during trading hours on Wednesday, hitting $45.88. The stock had a trading volume of 2,614,894 shares, compared to its average volume of 1,624,424. Ryanair has a fifty-two week low of $36.96 and a fifty-two week high of $60.29. The company has a market cap of $25.10 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 2.58 and a beta of 1.54. The company has a 50-day moving average of $74.14 and a two-hundred day moving average of $102.14. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

RYAAY has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a report on Friday, July 12th. HSBC lowered Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Sanford C. Bernstein decreased their target price on Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a report on Friday, August 9th. Finally, StockNews.com upgraded Ryanair from a “hold” rating to a “buy” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.67.

Ryanair Company Profile

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.