Ryanair (NASDAQ:RYAAY) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Ryanair (NASDAQ:RYAAY) announced its earnings results on Monday. The transportation company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.09), Zacks reports. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a net margin of 11.38% and a return on equity of 20.01%. During the same quarter last year, the business earned $2.88 earnings per share.

Ryanair Price Performance

RYAAY stock traded up $1.06 during trading on Thursday, hitting $46.94. The stock had a trading volume of 190,972 shares, compared to its average volume of 1,617,788. The company’s 50-day moving average price is $74.14 and its two-hundred day moving average price is $102.14. Ryanair has a twelve month low of $36.96 and a twelve month high of $60.29. The stock has a market capitalization of $25.68 billion, a P/E ratio of 15.29, a PEG ratio of 2.58 and a beta of 1.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.93 and a quick ratio of 0.93.

Analyst Ratings Changes

RYAAY has been the topic of several research reports. StockNews.com raised Ryanair from a “hold” rating to a “buy” rating in a research report on Tuesday. Hsbc Global Res upgraded Ryanair to a “hold” rating in a research note on Friday, July 12th. The Goldman Sachs Group upgraded Ryanair to a “strong-buy” rating in a research report on Friday, August 9th. Sanford C. Bernstein reduced their price target on shares of Ryanair from $149.00 to $147.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Citigroup upgraded shares of Ryanair to a “strong-buy” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.67.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.