Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Announces Dividend Increase – $5.73 Per Share

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) declared an annual dividend on Thursday, May 9th, Wall Street Journal reports. Investors of record on Tuesday, May 28th will be given a dividend of 5.727 per share by the transportation company on Monday, June 10th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 28th. This is a boost from Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s previous annual dividend of $5.71.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Trading Up 1.1 %

Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. stock traded up $3.65 during trading on Thursday, hitting $347.15. The stock had a trading volume of 19,666 shares, compared to its average volume of 47,234. The stock has a market cap of $10.41 billion, a PE ratio of 16.34, a PEG ratio of 3.17 and a beta of 1.14. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12 month low of $165.00 and a 12 month high of $357.90. The firm’s fifty day simple moving average is $317.42 and its 200-day simple moving average is $283.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.88 and a quick ratio of 3.87.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last posted its quarterly earnings results on Monday, February 26th. The transportation company reported $4.99 EPS for the quarter, missing the consensus estimate of $5.78 by ($0.79). The company had revenue of $392.31 million during the quarter. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 22.21% and a net margin of 40.21%. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 24.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upgraded Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “sell” rating to a “buy” rating and upped their target price for the stock from $274.00 to $326.00 in a report on Friday, January 26th. Barclays lowered shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 13th. Finally, StockNews.com raised shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Sureste, S. A. B. de C. V. currently has an average rating of “Moderate Buy” and an average target price of $274.00.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.