Grupo Aeroportuario del Pacífico (NYSE:PAC) Releases Earnings Results, Misses Estimates By $0.41 EPS

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41), Zacks reports. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The business had revenue of $541.03 million for the quarter, compared to analysts' expectations of $554.93 million.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock traded up $1.57 during trading on Friday, reaching $205.10. The company had a trading volume of 65,177 shares, compared to its average volume of 70,681. The firm's 50-day simple moving average is $189.96 and its 200 day simple moving average is $186.70. Grupo Aeroportuario del Pacífico has a 52 week low of $146.62 and a 52 week high of $207.81. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAC. Barclays reaffirmed an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and raised their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Finally, Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $200.00.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.