Grupo Aeroportuario Del Pacifico (NYSE:PAC) Releases Earnings Results, Misses Expectations By $0.05 EPS

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) released its quarterly earnings data on Monday. The transportation company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.05), Zacks reports. Grupo Aeroportuario Del Pacifico had a net margin of 24.28% and a return on equity of 39.81%. The business had revenue of $584.36 million during the quarter, compared to analyst estimates of $10.86 billion.

Grupo Aeroportuario Del Pacifico Trading Up 0.6%

Shares of NYSE PAC traded up $1.45 during trading on Friday, hitting $224.36. 66,601 shares of the company traded hands, compared to its average volume of 91,982. The company has a 50-day moving average price of $228.70 and a 200-day moving average price of $205.59. The company has a quick ratio of 1.68, a current ratio of 0.95 and a debt-to-equity ratio of 2.02. Grupo Aeroportuario Del Pacifico has a 1 year low of $146.62 and a 1 year high of $241.62. The firm has a market capitalization of $11.34 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.72 and a beta of 1.09.

Grupo Aeroportuario Del Pacifico Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were paid a dividend of $4.3222 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This is a boost from Grupo Aeroportuario Del Pacifico's previous semi-annual dividend of $3.87. This represents a dividend yield of 3.4%. Grupo Aeroportuario Del Pacifico's payout ratio is currently 40.25%.

Institutional Trading of Grupo Aeroportuario Del Pacifico

Institutional investors have recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico during the first quarter worth approximately $16,136,000. Goldman Sachs Group Inc. grew its position in shares of Grupo Aeroportuario Del Pacifico by 65.8% during the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock worth $7,416,000 after buying an additional 15,862 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 1st quarter valued at about $730,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAC. Bank of America cut Grupo Aeroportuario Del Pacifico from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 12th. Wall Street Zen raised Grupo Aeroportuario Del Pacifico from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Scotiabank raised Grupo Aeroportuario Del Pacifico from a "sector perform" rating to a "sector outperform" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario Del Pacifico from an "underweight" rating to a "neutral" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $200.00.

About Grupo Aeroportuario Del Pacifico

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.