Corporacion America Airports (NYSE:CAAP) Posts Earnings Results, Misses Expectations By $0.18 EPS

Key Points

• Corporación América Airports reported quarterly EPS of $0.32, missing analysts’ $0.50 consensus by $0.18, while revenue of $534.04 million exceeded estimates of $497.52 million.
• CAAP shares opened at $24.02, below their 50-day and 200-day moving averages, with a market capitalization of approximately $3.97 billion and a 52-week range of $17.36 to $30.50.
• Analyst sentiment remains positive overall, with four Buy ratings and two Holds; the average price target is $30.12, while institutional investors own 12.95% of the stock.

Corporacion America Airports (NYSE:CAAP - Get Free Report) posted its earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.18), FiscalAI reports. Corporacion America Airports had a return on equity of 17.40% and a net margin of 13.79%.The firm had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million.

Corporacion America Airports Stock Performance

Shares of CAAP stock opened at $24.02 on Tuesday. The stock's 50-day moving average price is $25.60 and its 200 day moving average price is $26.10. The company has a quick ratio of 1.38, a current ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.97 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.67 and a beta of 0.70. Corporacion America Airports has a 52-week low of $17.36 and a 52-week high of $30.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CAAP. Qube Research & Technologies Ltd increased its holdings in shares of Corporacion America Airports by 328.8% in the second quarter. Qube Research & Technologies Ltd now owns 65,051 shares of the company's stock valued at $1,318,000 after purchasing an additional 49,882 shares during the period. Canada Pension Plan Investment Board grew its position in Corporacion America Airports by 49.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 63,613 shares of the company's stock valued at $1,289,000 after buying an additional 21,052 shares during the last quarter. Raymond James Financial Inc. grew its position in Corporacion America Airports by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 68,680 shares of the company's stock valued at $1,391,000 after buying an additional 1,943 shares during the last quarter. Jane Street Group LLC purchased a new position in Corporacion America Airports in the 2nd quarter valued at $295,000. Finally, PDT Partners LLC increased its stake in Corporacion America Airports by 63.8% in the 2nd quarter. PDT Partners LLC now owns 48,704 shares of the company's stock valued at $987,000 after buying an additional 18,972 shares during the period. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAAP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Corporacion America Airports from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, June 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Corporacion America Airports from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Finally, Zacks Research raised shares of Corporacion America Airports from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $30.12.

About Corporacion America Airports

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company's core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.

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