easyJet (LON:EZJ) Posts Quarterly Earnings Results

easyJet (LON:EZJ) issued its earnings results on Tuesday. The company reported GBX 66.40 earnings per share for the quarter, Digital Look Earnings reports. easyJet had a net margin of 4.27% and a return on equity of 13.89%.

easyJet Stock Down 3.5%

Shares of EZJ opened at GBX 463.66 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. easyJet has a 12 month low of GBX 401.05 and a 12 month high of GBX 594. The firm’s 50 day moving average is GBX 471.11 and its 200-day moving average is GBX 503.79. The stock has a market capitalization of £3.48 billion, a PE ratio of 8.52, a P/E/G ratio of 0.59 and a beta of 2.49.

Insider Transactions at easyJet

In related news, insider Sue Clark acquired 7,680 shares of the stock in a transaction on Thursday, September 18th. The shares were purchased at an average price of GBX 459 per share, for a total transaction of £35,251.20. 15.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup decreased their target price on easyJet from GBX 600 to GBX 520 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating for the company in a report on Friday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of easyJet in a report on Wednesday, October 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, easyJet currently has a consensus rating of “Hold” and a consensus target price of GBX 585.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.