Grupo Aeroportuario del Sureste (NYSE:ASR) Posts Earnings Results, Misses Estimates By $1.81 EPS

Key Points

• Grupo Aeroportuario del Sureste reported earnings of $3.84 per share, missing estimates by $1.81, with a net margin of 37.14% and return on equity of 19.91%.
• The company recently announced a special dividend of $8.0427 per share, with a payout ratio of 146.84%.
• Brokerages have mixed ratings on the stock, with one Buy, three Hold, and one Sell, resulting in a consensus rating of "Hold" and a price target of $310.00.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) announced its quarterly earnings data on Wednesday. The transportation company reported $3.84 earnings per share for the quarter, missing analysts' consensus estimates of $5.65 by ($1.81), Zacks reports. Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%.

Grupo Aeroportuario del Sureste Stock Up 1.8%

Shares of NYSE:ASR traded up $5.37 during trading on Wednesday, hitting $305.97. 66,654 shares of the company were exchanged, compared to its average volume of 73,311. The stock has a market capitalization of $9.18 billion, a P/E ratio of 14.75, a PEG ratio of 8.32 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. Grupo Aeroportuario del Sureste has a 12-month low of $248.88 and a 12-month high of $360.00. The firm's 50 day moving average price is $326.08 and its 200-day moving average price is $316.50.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a dividend of $8.0427 per share. The ex-dividend date was Monday, September 29th. Grupo Aeroportuario del Sureste's payout ratio is currently 146.84%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASR. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. Citigroup reiterated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Sureste currently has a consensus rating of "Hold" and a consensus price target of $310.00.

Institutional Trading of Grupo Aeroportuario del Sureste

Several institutional investors have recently modified their holdings of ASR. EverSource Wealth Advisors LLC lifted its position in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock worth $58,000 after buying an additional 50 shares during the last quarter. Militia Capital Partners LP purchased a new stake in shares of Grupo Aeroportuario del Sureste during the 2nd quarter worth approximately $478,000. Man Group plc purchased a new stake in Grupo Aeroportuario del Sureste in the 2nd quarter valued at $562,000. Finally, Quantinno Capital Management LP raised its position in Grupo Aeroportuario del Sureste by 31.0% in the 2nd quarter. Quantinno Capital Management LP now owns 2,091 shares of the transportation company's stock valued at $667,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

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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