Grupo Aeroportuario del Sureste (NYSE:ASR) Issues Earnings Results, Beats Expectations By $992.51 EPS

Grupo Aeroportuario del Sureste (NYSE:ASR) announced its quarterly earnings data on Wednesday. The transportation company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $6.49 by $992.51, Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%.

Grupo Aeroportuario del Sureste Trading Up 0.1%

ASR traded up $0.43 during midday trading on Wednesday, reaching $324.77. 45,029 shares of the company were exchanged, compared to its average volume of 65,532. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.01 and a current ratio of 3.03. Grupo Aeroportuario del Sureste has a one year low of $287.26 and a one year high of $381.52. The stock has a market capitalization of $9.74 billion, a P/E ratio of 17.64 and a beta of 0.58. The stock’s 50-day simple moving average is $344.48 and its 200 day simple moving average is $327.62.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ASR. Wall Street Zen cut Grupo Aeroportuario del Sureste from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Monday. Zacks Research upgraded Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Barclays upgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. One 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $300.00.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several institutional investors have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in shares of Grupo Aeroportuario del Sureste by 90.6% during the 4th quarter. Deutsche Bank AG now owns 187,759 shares of the transportation company’s stock valued at $60,721,000 after purchasing an additional 89,239 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Grupo Aeroportuario del Sureste by 20.4% during the 4th quarter. Morgan Stanley now owns 184,883 shares of the transportation company’s stock valued at $59,792,000 after purchasing an additional 31,298 shares in the last quarter. State Street Corp lifted its holdings in shares of Grupo Aeroportuario del Sureste by 3.2% during the 4th quarter. State Street Corp now owns 171,848 shares of the transportation company’s stock valued at $55,576,000 after purchasing an additional 5,338 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Grupo Aeroportuario del Sureste by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 103,379 shares of the transportation company’s stock valued at $33,433,000 after purchasing an additional 2,134 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Grupo Aeroportuario del Sureste by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 64,853 shares of the transportation company’s stock valued at $20,974,000 after purchasing an additional 4,490 shares in the last quarter. 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.