Ryanair (NASDAQ:RYAAY) Shares Gap Up on Better-Than-Expected Earnings

Ryanair Holdings PLC (NASDAQ:RYAAYGet Free Report)’s stock price gapped up prior to trading on Monday after the company announced better than expected quarterly earnings. The stock had previously closed at $53.36, but opened at $56.43. Ryanair shares last traded at $56.8610, with a volume of 379,158 shares.

The transportation company reported ($0.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.95) by $0.09. Ryanair had a return on equity of 26.91% and a net margin of 13.95%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $3.08 billion.

Key Ryanair News

Here are the key news stories impacting Ryanair this week:

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RYAAY. Sanford C. Bernstein upgraded Ryanair from a “market perform” rating to an “outperform” rating in a report on Monday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of Ryanair in a report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Ryanair in a report on Tuesday. Evercore upgraded Ryanair from an “in-line” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, March 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ryanair in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.67.

Check Out Our Latest Report on RYAAY

Hedge Funds Weigh In On Ryanair

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Ryanair by 9.0% during the 1st quarter. Bank of America Corp DE now owns 2,052,677 shares of the transportation company’s stock worth $118,645,000 after purchasing an additional 170,242 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Ryanair by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 5,752,264 shares of the transportation company’s stock worth $332,480,000 after purchasing an additional 185,110 shares in the last quarter. Strategic Investment Advisors MI boosted its position in shares of Ryanair by 4.9% during the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock worth $230,000 after purchasing an additional 184 shares in the last quarter. Amundi bought a new position in shares of Ryanair during the 1st quarter worth about $349,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Ryanair by 30.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,443 shares of the transportation company’s stock worth $199,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 43.66% of the company’s stock.

Ryanair Stock Down 3.4%

The company has a market cap of $28.20 billion, a P/E ratio of 11.50, a PEG ratio of 0.70 and a beta of 1.13. The stock’s 50-day moving average price is $58.92 and its 200-day moving average price is $64.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.02.

About Ryanair

(Get Free Report)

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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