Ryanair (NASDAQ:RYAAY) Hits New 12-Month High Following Earnings Beat

Shares of Ryanair Holdings plc (NASDAQ:RYAAY) reached a new 52-week high on Monday following a better than expected earnings announcement. The company traded as high as $52.98 and last traded at $53.57, with a volume of 306497 shares trading hands. The stock had previously closed at $50.00.

The transportation company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $3.76. Ryanair had a return on equity of 21.46% and a net margin of 12.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. StockNews.com cut Ryanair from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ryanair currently has a consensus rating of “Buy” and a consensus price target of $147.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RYAAY. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Ryanair by 172.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 75,354 shares of the transportation company’s stock worth $3,285,000 after acquiring an additional 47,673 shares in the last quarter. Perpetual Ltd increased its position in Ryanair by 539.8% in the 4th quarter. Perpetual Ltd now owns 988,490 shares of the transportation company’s stock valued at $43,088,000 after buying an additional 833,988 shares in the last quarter. Haven Global Partners LLC bought a new stake in Ryanair in the 4th quarter valued at about $19,029,000. Raymond James Financial Inc. bought a new stake in Ryanair in the 4th quarter valued at about $18,445,000. Finally, Metropolis Capital Ltd increased its position in Ryanair by 14.7% in the 4th quarter. Metropolis Capital Ltd now owns 4,593,130 shares of the transportation company’s stock valued at $200,215,000 after buying an additional 587,023 shares in the last quarter. 43.66% of the stock is currently owned by institutional investors.

Ryanair Price Performance

The firm has a market capitalization of $28.29 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The business has a 50-day moving average of $46.04 and a 200 day moving average of $45.46. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21.

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.