Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Earnings Results, Misses Expectations By $0.62 EPS

Key Points

• Grupo Aeroportuario del Sureste reported quarterly EPS of $3.98, missing analysts’ consensus estimate of $4.60 by $0.62. The company posted a 26.07% net margin and a 21.32% return on equity.
• ASR shares fell $2.27 to $250.53 following the results. The stock has traded between $226.19 and $381.52 over the past year and remains below its 200-day moving average of $282.13.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $324.50; ratings range from Strong Buy to Sell.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) released its quarterly earnings data on Thursday. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.60 by ($0.62), Zacks reports. Grupo Aeroportuario del Sureste had a net margin of 26.07% and a return on equity of 21.32%.

Grupo Aeroportuario del Sureste Stock Performance

ASR traded down $2.27 during trading on Thursday, hitting $250.53. The stock had a trading volume of 107,969 shares, compared to its average volume of 67,598. The firm has a market capitalization of $7.52 billion, a P/E ratio of 13.48, a PEG ratio of 1.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.29 and a current ratio of 3.29. Grupo Aeroportuario del Sureste has a twelve month low of $226.19 and a twelve month high of $381.52. The company's 50-day moving average price is $248.23 and its 200 day moving average price is $282.13.

Analyst Ratings Changes

ASR has been the subject of several research analyst reports. HSBC raised Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price objective for the company in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Grupo Aeroportuario del Sureste from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. Finally, Zacks Research raised shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $324.50.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR, commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country's major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.

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