Grupo Aeroportuario del Sureste (NYSE:ASR) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) announced its earnings results on Wednesday. The transportation company reported $5.34 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.01, Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 22.93% and a net margin of 26.32%.The company had revenue of $504.04 million for the quarter, compared to analyst estimates of $544.78 million.

Grupo Aeroportuario del Sureste Stock Performance

NYSE:ASR opened at $314.49 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.03 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $9.43 billion, a P/E ratio of 17.46, a P/E/G ratio of 3.80 and a beta of 0.58. The company has a fifty day moving average of $342.32 and a 200-day moving average of $327.51. Grupo Aeroportuario del Sureste has a twelve month low of $292.35 and a twelve month high of $381.52.

Analyst Ratings Changes

A number of equities analysts have recently commented on ASR shares. Barclays raised Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday. Finally, Wall Street Zen downgraded shares of Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average price target of $300.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compound Planning Inc. grew its holdings in shares of Grupo Aeroportuario del Sureste by 4.3% during the fourth quarter. Compound Planning Inc. now owns 704 shares of the transportation company’s stock worth $228,000 after purchasing an additional 29 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in Grupo Aeroportuario del Sureste by 3.0% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,328 shares of the transportation company’s stock worth $429,000 after buying an additional 39 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Grupo Aeroportuario del Sureste by 38.2% in the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock worth $58,000 after buying an additional 50 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 8.2% in the 4th quarter. Ieq Capital LLC now owns 711 shares of the transportation company’s stock worth $230,000 after buying an additional 54 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.