Somewhat Positive Press Coverage Somewhat Unlikely to Affect Aircastle (AYR) Share Price
Press coverage about Aircastle (NYSE:AYR) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Aircastle earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 45.8848480741563 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Robert W. Baird Reaffirms Their Hold Rating on Accenture (nismagazine.com)
- Citigroup Begins Coverage on Aircastle (AYR) (americanbankingnews.com)
- Zacks: Analysts Anticipate Aircastle Limited (AYR) Will Announce Quarterly Sales of $181.68 Million (americanbankingnews.com)
- Aircastle Limited (AYR) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several equities research analysts have weighed in on AYR shares. BidaskClub cut shares of Aircastle from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Aircastle from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Citigroup started coverage on shares of Aircastle in a research report on Friday. They issued a “neutral” rating and a $25.00 price objective for the company. ValuEngine cut shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Finally, Cowen restated a “hold” rating and issued a $26.00 price objective on shares of Aircastle in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.
Aircastle (NYSE:AYR) last issued its quarterly earnings results on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.67 by $0.15. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The company had revenue of $191.41 million during the quarter, compared to analysts’ expectations of $184.02 million. During the same quarter in the previous year, the company earned $0.38 EPS. Aircastle’s revenue was down 1.7% on a year-over-year basis. equities research analysts expect that Aircastle will post 1.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.28 per share. This is a boost from Aircastle’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, November 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.76%. Aircastle’s payout ratio is currently 54.90%.
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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