Airbus (OTCMKTS:EADSY – Get Free Report) declared that its Board of Directors has approved a stock buyback program on Monday, November 9th, RTT News reports. The company plans to buy back $5.62 billion in shares. This buyback authorization authorizes the aerospace company to repurchase up to 3.2% of its stock through open market purchases. Share buyback programs are often a sign that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have recently weighed in on EADSY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Airbus in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating on shares of Airbus in a research report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Airbus in a research note on Wednesday, October 28th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Airbus in a report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Airbus
Airbus Trading Up 6.6%
Airbus stock traded up $3.57 during trading hours on Monday, reaching $58.00. 515,627 shares of the company’s stock were exchanged, compared to its average volume of 680,006. The firm’s 50 day simple moving average is $54.91 and its 200 day simple moving average is $54.23. Airbus has a twelve month low of $45.01 and a twelve month high of $64.35. The company has a quick ratio of 0.41, a current ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $183.03 billion, a PE ratio of 24.72, a PEG ratio of 2.10 and a beta of 1.15.
Airbus (OTCMKTS:EADSY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $20.28 billion. Airbus had a return on equity of 23.75% and a net margin of 8.05%. Research analysts predict that Airbus will post 2.03 earnings per share for the current year.
Airbus Company Profile
Airbus SE is a global aerospace company that designs, manufactures and supports commercial aircraft, helicopters, and defense and space systems. Its customers include airlines, leasing companies, governments and military organizations around the world.
The company’s commercial aircraft portfolio includes the A220, A320, A330 and A350 families. Through Airbus Helicopters, it provides civil and military helicopters and related services. Its Defence and Space business develops products and services such as military aircraft, satellite systems, space technologies and secure communications.
Airbus traces its origins to the Airbus Industrie consortium, established in 1970 by European aerospace companies to develop commercial aircraft.
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