Aircastle (NYSE:AYR) will announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Aircastle (NYSE:AYR) last issued its quarterly earnings results on Thursday, May 2nd. The transportation company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.07. The firm had revenue of $213.93 million for the quarter, compared to analyst estimates of $202.84 million. Aircastle had a net margin of 24.90% and a return on equity of 11.31%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts expect Aircastle to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:AYR traded up $0.54 during trading on Tuesday, reaching $21.17. The company had a trading volume of 6,048 shares, compared to its average volume of 163,472. The company has a fifty day moving average price of $20.89. The stock has a market cap of $1.55 billion, a PE ratio of 6.67 and a beta of 1.57. Aircastle has a 12 month low of $15.75 and a 12 month high of $22.27.

Aircastle declared that its Board of Directors has approved a share buyback program on Tuesday, May 21st that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Ronald Merriman sold 10,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $20.06, for a total transaction of $200,600.00. Following the transaction, the director now owns 7,831 shares of the company’s stock, valued at approximately $157,089.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

AYR has been the topic of several recent research reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Zacks Investment Research lowered shares of Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Aircastle has an average rating of “Hold” and an average price target of $21.50.

About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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Earnings History for Aircastle (NYSE:AYR)

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