Analysts forecast that Aircastle Limited (NYSE:AYR) will report $181.68 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Aircastle’s earnings. The highest sales estimate is $182.90 million and the lowest is $179.64 million. Aircastle reported sales of $204.65 million during the same quarter last year, which indicates a negative year over year growth rate of 11.2%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 13th.

According to Zacks, analysts expect that Aircastle will report full-year sales of $181.68 million for the current fiscal year, with estimates ranging from $798.86 million to $802.12 million. For the next year, analysts expect that the business will report sales of $814.55 million per share, with estimates ranging from $763.03 million to $847.61 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Aircastle.

AYR has been the topic of a number of research reports. Credit Suisse Group upped their price target on Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. ValuEngine downgraded Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Citigroup initiated coverage on Aircastle in a research note on Friday, December 8th. They set a “neutral” rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Aircastle currently has a consensus rating of “Hold” and a consensus target price of $25.11.

Aircastle (AYR) opened at $21.54 on Monday. Aircastle has a 52 week low of $20.84 and a 52 week high of $25.98. The firm has a market capitalization of $1,695.37, a P/E ratio of 10.56, a P/E/G ratio of 0.90 and a beta of 1.77.

A number of hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in Aircastle by 3.2% during the 3rd quarter. California Public Employees Retirement System now owns 198,820 shares of the transportation company’s stock worth $4,432,000 after purchasing an additional 6,220 shares in the last quarter. Dean Investment Associates LLC increased its holdings in Aircastle by 3.8% during the 3rd quarter. Dean Investment Associates LLC now owns 265,580 shares of the transportation company’s stock worth $5,920,000 after purchasing an additional 9,620 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Aircastle by 12.2% during the 2nd quarter. Wells Fargo & Company MN now owns 121,120 shares of the transportation company’s stock worth $2,635,000 after purchasing an additional 13,157 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Aircastle during the 3rd quarter worth approximately $328,000. Finally, First Trust Advisors LP increased its holdings in Aircastle by 5.1% during the 3rd quarter. First Trust Advisors LP now owns 125,874 shares of the transportation company’s stock worth $2,806,000 after purchasing an additional 6,113 shares in the last quarter. 60.87% of the stock is currently owned by institutional investors and hedge funds.

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Aircastle 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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