Grupo Aeroportuario del Sureste (NYSE:ASR) Issues Quarterly Earnings Results

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) released its quarterly earnings data on Tuesday. The transportation company reported $3.80 earnings per share for the quarter, missing analysts' consensus estimates of $5.83 by ($2.03), Zacks reports. Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%.

Grupo Aeroportuario del Sureste Stock Down 1.8%

Shares of ASR stock traded down $5.61 during trading hours on Tuesday, reaching $302.88. 94,470 shares of the company's stock were exchanged, compared to its average volume of 56,468. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average is $321.07 and its 200-day moving average is $294.58. Grupo Aeroportuario del Sureste has a fifty-two week low of $248.88 and a fifty-two week high of $360.00. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 7.71 and a beta of 0.74.

Grupo Aeroportuario del Sureste Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were given a dividend of $24.585 per share. This is a positive change from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 8.6%. Grupo Aeroportuario del Sureste's dividend payout ratio (DPR) is presently 87.16%.

Institutional Investors Weigh In On Grupo Aeroportuario del Sureste

An institutional investor recently raised its position in Grupo Aeroportuario del Sureste stock. Royal Bank of Canada increased its position in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,952 shares of the transportation company's stock after purchasing an additional 235 shares during the quarter. Royal Bank of Canada's holdings in Grupo Aeroportuario del Sureste were worth $1,083,000 at the end of the most recent reporting period. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, May 19th.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.

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