Ryanair (NASDAQ:RYAAY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Ryanair (NASDAQ:RYAAY) issued its quarterly earnings data on Monday. The transportation company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.03, FiscalAI reports. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.46 billion.

Ryanair Price Performance

Shares of RYAAY opened at $53.72 on Monday. The stock has a market capitalization of $27.82 billion, a P/E ratio of 12.91, a P/E/G ratio of 4.40 and a beta of 1.22. Ryanair has a twelve month low of $51.02 and a twelve month high of $74.24. The company has a 50 day moving average of $54.20 and a 200-day moving average of $59.85.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Ryanair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $74.00 target price on shares of Ryanair in a research note on Monday, August 24th. Barclays cut Ryanair from an “overweight” rating to an “equal weight” rating in a report on Friday, October 9th. Weiss Ratings downgraded Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Morgan Stanley assumed coverage on Ryanair in a report on Friday, August 14th. They issued an “overweight” rating and a $62.90 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.97.

About Ryanair

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.