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

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) announced its quarterly earnings data on Tuesday. The transportation company reported $2.72 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $554.93 million.

Grupo Aeroportuario del Pacífico Trading Up 0.8 %

PAC stock traded up $1.57 during mid-day trading on Friday, reaching $205.10. 65,177 shares of the stock traded hands, compared to its average volume of 70,480. The stock's fifty day moving average is $189.96 and its 200-day moving average is $186.60. The company has a market cap of $10.36 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.28 and a beta of 1.11. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico has a 52-week low of $146.62 and a 52-week high of $207.77.

Analyst Ratings Changes

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

Grupo Aeroportuario del Pacífico Company Profile

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.