Ryanair Holdings PLC (RYAAY) Issues Quarterly Earnings Results

Ryanair Holdings PLC (NASDAQ:RYAAY) posted its earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.30, Morningstar.com reports. Ryanair Holdings PLC had a return on equity of 34.02% and a net margin of 21.44%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.02 billion.

Ryanair Holdings PLC (RYAAY) traded down 0.43% during trading on Friday, reaching $114.67. The company’s stock had a trading volume of 183,489 shares. Ryanair Holdings PLC has a 52 week low of $67.56 and a 52 week high of $117.21.

Several large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund acquired a new stake in Ryanair Holdings PLC during the second quarter worth $108,000. Quantbot Technologies LP acquired a new stake in Ryanair Holdings PLC during the first quarter worth $106,000. FNY Partners Fund LP acquired a new stake in Ryanair Holdings PLC during the first quarter worth $156,000. PNC Financial Services Group Inc. boosted its stake in Ryanair Holdings PLC by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,941 shares of the transportation company’s stock worth $160,000 after buying an additional 98 shares during the period. Finally, Atria Investments LLC acquired a new stake in Ryanair Holdings PLC during the second quarter worth $255,000. 38.63% of the stock is currently owned by institutional investors.

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Several analysts have recently weighed in on RYAAY shares. Zacks Investment Research raised Ryanair Holdings PLC from a “sell” rating to a “buy” rating and set a $109.00 target price for the company in a report on Saturday, May 6th. ValuEngine downgraded Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Citigroup Inc. downgraded Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. UBS AG downgraded Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) raised Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and upped their price objective for the company from $67.56 to $109.00 in a research note on Thursday, June 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Ryanair Holdings PLC currently has an average rating of “Buy” and a consensus price target of $100.33.

Ryanair Holdings PLC declared that its board has initiated a stock buyback program on Tuesday, May 30th that allows the company to buyback outstanding shares. This buyback authorization allows the transportation company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Ryanair Holdings PLC Company Profile

Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise.

Earnings History for Ryanair Holdings PLC (NASDAQ:RYAAY)

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