Ryanair (NASDAQ:RYAAY) Releases Quarterly Earnings Results

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

Ryanair Stock Down 0.9 %

Shares of NASDAQ:RYAAY traded down $0.41 during midday trading on Wednesday, hitting $45.88. 2,614,894 shares of the stock were exchanged, compared to its average volume of 1,624,424. The company has a market capitalization of $25.10 billion, a PE ratio of 15.29, a P/E/G ratio of 2.58 and a beta of 1.54. Ryanair has a 52-week low of $36.96 and a 52-week high of $60.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The business’s fifty day simple moving average is $74.14 and its two-hundred day simple moving average is $102.14.

Analysts Set New Price Targets

RYAAY has been the topic of a number of analyst reports. The Goldman Sachs Group raised Ryanair to a “strong-buy” rating in a research note on Friday, August 9th. StockNews.com upgraded shares of Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday. Hsbc Global Res raised shares of Ryanair to a “hold” rating in a research note on Friday, July 12th. HSBC downgraded shares of Ryanair from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Barclays raised Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Ryanair currently has an average rating of “Moderate Buy” and a consensus price target of $154.67.

About Ryanair

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.