Corporacion America Airports (NYSE:CAAP) Issues Earnings Results, Misses Expectations By $0.18 EPS

Corporacion America Airports (NYSE:CAAP) announced its quarterly earnings data on Tuesday. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18), FiscalAI reports. Corporacion America Airports had a net margin of 13.79% and a return on equity of 17.40%. The firm had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million.

Corporacion America Airports Stock Down 1.9%

CAAP stock opened at $24.02 on Tuesday. The company has a market cap of $3.97 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.67 and a beta of 0.70. Corporacion America Airports has a 52 week low of $17.36 and a 52 week high of $30.50. The company’s 50-day moving average price is $25.60 and its 200 day moving average price is $26.10. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Corporacion America Airports

A number of hedge funds and other institutional investors have recently modified their holdings of CAAP. Rhumbline Advisers boosted its stake in shares of Corporacion America Airports by 10.0% during the 3rd quarter. Rhumbline Advisers now owns 6,600 shares of the company’s stock worth $120,000 after acquiring an additional 600 shares in the last quarter. Mariner LLC increased its stake in Corporacion America Airports by 5.7% in the 4th quarter. Mariner LLC now owns 13,873 shares of the company’s stock valued at $361,000 after purchasing an additional 746 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Corporacion America Airports by 15.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,980 shares of the company’s stock worth $155,000 after purchasing an additional 782 shares during the last quarter. Van ECK Associates Corp raised its holdings in Corporacion America Airports by 119.4% during the fourth quarter. Van ECK Associates Corp now owns 2,808 shares of the company’s stock worth $73,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Corporacion America Airports by 2.9% during the second quarter. Raymond James Financial Inc. now owns 68,680 shares of the company’s stock worth $1,391,000 after purchasing an additional 1,943 shares in the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on CAAP. Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Wednesday, June 24th. JPMorgan Chase & Co. lifted their price target on Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Zacks Research raised Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen lowered Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.12.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.