Aircastle Limited (AYR) Earning Somewhat Positive Media Coverage, Analysis Finds
Media stories about Aircastle Limited (NYSE:AYR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aircastle Limited earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.2968711314106 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Aircastle Limited (AYR) traded down 0.7021% on Monday, hitting $21.2001. The stock had a trading volume of 107,287 shares. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.7866 and a beta of 1.83. The firm has a 50-day moving average of $22.56 and a 200 day moving average of $22.71. Aircastle Limited has a 52 week low of $18.26 and a 52 week high of $25.98.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.58. Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The business had revenue of $223.53 million during the quarter, compared to analysts’ expectations of $206.10 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts predict that Aircastle Limited will post $1.91 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, August 29th. Aircastle Limited’s dividend payout ratio is currently 62.65%.
AYR has been the subject of several research analyst reports. BidaskClub lowered Aircastle Limited from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Barclays PLC initiated coverage on Aircastle Limited in a research report on Monday, July 10th. They set an “equal weight” rating and a $24.00 target price for the company. Zacks Investment Research lowered Aircastle Limited from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen and Company reaffirmed a “market perform” rating and set a $26.00 target price (up from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $24.00 target price (down from $26.00) on shares of Aircastle Limited in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.30.
Aircastle Limited Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.
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