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

Ryanair (NASDAQ:RYAAY - Get Free Report) released its quarterly earnings results on Monday. The transportation company reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.91 by ($0.09), Zacks reports. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.59 billion. Ryanair had a return on equity of 20.43% and a net margin of 12.07%. During the same period last year, the firm earned $2.88 earnings per share.

Ryanair Stock Up 5.1 %

Shares of Ryanair stock traded up $2.23 on Tuesday, hitting $46.29. 2,024,120 shares of the company's stock traded hands, compared to its average volume of 1,619,797. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average is $75.40 and its 200 day moving average is $102.54. The stock has a market cap of $25.32 billion, a P/E ratio of 15.43, a PEG ratio of 2.67 and a beta of 1.54. Ryanair has a 52-week low of $36.96 and a 52-week high of $60.29.

Analysts Set New Price Targets

Several research analysts have weighed in on RYAAY shares. Citigroup upgraded Ryanair to a "strong-buy" rating in a report on Friday, August 2nd. HSBC downgraded Ryanair from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Hsbc Global Res upgraded Ryanair to a "hold" rating in a report on Friday, July 12th. Sanford C. Bernstein dropped their price objective on shares of Ryanair from $149.00 to $147.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Finally, Barclays raised shares of Ryanair from an "equal weight" rating to an "overweight" rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Ryanair has a consensus rating of "Moderate Buy" and a consensus price target of $154.67.

Ryanair Company Profile

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.