Aircastle Limited (NYSE:AYR) – Equities researchers at DA Davidson raised their Q3 2017 earnings estimates for Aircastle Limited in a report released on Tuesday. DA Davidson analyst A. Cyganovich now expects that the transportation company will post earnings per share of $0.57 for the quarter, up from their previous forecast of $0.56. DA Davidson also issued estimates for Aircastle Limited’s FY2019 earnings at $2.55 EPS.
A number of other equities research analysts have also recently commented on AYR. Zacks Investment Research cut shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Royal Bank Of Canada reissued a “hold” rating and set a $25.00 target price on shares of Aircastle Limited in a research report on Friday, April 21st. FBR & Co decreased their target price on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, May 4th. Wells Fargo & Company reissued a “market perform” rating and set a $24.00 target price (down previously from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Finally, Barclays PLC started coverage on shares of Aircastle Limited in a research report on Monday, July 10th. They set an “equal weight” rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.30.
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Aircastle Limited (NYSE:AYR) opened at 22.24 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 13.41 and a beta of 1.81. Aircastle Limited has a one year low of $18.26 and a one year high of $25.98. The company has a 50-day moving average of $22.51 and a 200-day moving average of $22.90.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.58. Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The firm had revenue of $223.53 million during the quarter, compared to analysts’ expectations of $206.10 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Aircastle Limited’s revenue was up 17.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.26 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.68%. Aircastle Limited’s dividend payout ratio is currently 62.65%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Aircastle Limited by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,629,041 shares of the transportation company’s stock worth $135,829,000 after buying an additional 176,874 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Aircastle Limited by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after buying an additional 413,818 shares in the last quarter. LSV Asset Management boosted its position in Aircastle Limited by 1.1% in the first quarter. LSV Asset Management now owns 3,909,745 shares of the transportation company’s stock worth $94,342,000 after buying an additional 43,254 shares in the last quarter. Northern Trust Corp boosted its position in Aircastle Limited by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after buying an additional 535,106 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Aircastle Limited by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 1,309,952 shares of the transportation company’s stock worth $28,491,000 after buying an additional 38,690 shares in the last quarter. 62.84% of the stock is owned by institutional investors and hedge funds.
About Aircastle Limited
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.
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