Ryanair Holdings PLC (NASDAQ:RYAAY) posted its quarterly earnings results on Monday, July 24th. The transportation company reported $1.78 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.02 billion.
Ryanair Holdings PLC (NASDAQ:RYAAY) traded down 0.43% during midday trading on Friday, reaching $114.67. The company’s stock had a trading volume of 183,489 shares. Ryanair Holdings PLC has a 12 month low of $67.56 and a 12 month high of $117.21.
A number of analysts recently weighed in on RYAAY shares. Sanford C. Bernstein started coverage on Ryanair Holdings PLC in a research note on Monday, June 26th. They issued an “underperform” rating and a $83.00 price target on the stock. BidaskClub downgraded Ryanair Holdings PLC from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded Ryanair Holdings PLC from a “neutral” rating to a “buy” rating and lifted their price target for the company from $67.56 to $109.00 in a research note on Thursday, June 15th. Citigroup Inc. cut Ryanair Holdings PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, May 31st. Finally, ValuEngine cut Ryanair Holdings PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $100.33.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Ryanair Holdings PLC by 2,988.0% in the first quarter. BlackRock Inc. now owns 1,306,028 shares of the transportation company’s stock worth $108,374,000 after buying an additional 1,263,734 shares during the last quarter. FMR LLC raised its stake in Ryanair Holdings PLC by 3.0% in the second quarter. FMR LLC now owns 14,021,784 shares of the transportation company’s stock valued at $1,508,884,000 after buying an additional 414,790 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ryanair Holdings PLC by 32.9% in the first quarter. JPMorgan Chase & Co. now owns 1,661,275 shares of the transportation company’s stock valued at $137,853,000 after buying an additional 411,479 shares in the last quarter. Segantii Capital Management Ltd raised its stake in Ryanair Holdings PLC by 480.4% in the second quarter. Segantii Capital Management Ltd now owns 261,172 shares of the transportation company’s stock valued at $28,254,000 after buying an additional 216,172 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Ryanair Holdings PLC by 21.4% in the first quarter. UBS Asset Management Americas Inc. now owns 1,178,231 shares of the transportation company’s stock valued at $97,770,000 after buying an additional 207,777 shares in the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.
Ryanair Holdings PLC announced that its board has initiated a share buyback plan on Tuesday, May 30th that permits the company to buyback shares. This buyback authorization permits the transportation company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are 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.
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