Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Grupo Aeroportuario del Sureste has received a consensus rating of "Hold" from five research firms, with one sell rating, three hold ratings, and one buy rating.
• The company declared a special dividend of $8.0427 per share, to be paid on October 10th, with an ex-dividend date of September 29th.
• Despite a market cap of $9.45 billion, the company missed quarterly earnings estimates with a reported $3.80 earnings per share, significantly below the consensus estimate of $6.01.

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) has earned an average rating of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $310.00.

A number of analysts have recently weighed in on ASR shares. Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Saturday, September 27th. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "strong sell" rating in a report on Monday.

Grupo Aeroportuario del Sureste Stock Performance

Grupo Aeroportuario del Sureste stock opened at $314.99 on Wednesday. The company's 50-day moving average price is $326.28 and its 200-day moving average price is $314.55. Grupo Aeroportuario del Sureste has a twelve month low of $248.88 and a twelve month high of $360.00. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.45 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 8.15 and a beta of 0.77.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share for the quarter, missing analysts' consensus estimates of $6.01 by ($2.21). Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%.The business had revenue of $464.62 million during the quarter, compared to the consensus estimate of $8.98 billion. On average, equities research analysts forecast that Grupo Aeroportuario del Sureste will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be issued a dividend of $8.0427 per share. The ex-dividend date is Monday, September 29th. Grupo Aeroportuario del Sureste's dividend payout ratio is presently 146.89%.

Hedge Funds Weigh In On Grupo Aeroportuario del Sureste

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Grupo Aeroportuario del Sureste by 126.2% during the 1st quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company's stock valued at $84,339,000 after purchasing an additional 172,654 shares during the last quarter. Nuveen LLC bought a new position in Grupo Aeroportuario del Sureste during the 1st quarter valued at about $44,197,000. Hsbc Holdings PLC grew its holdings in Grupo Aeroportuario del Sureste by 8.2% during the 1st quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company's stock valued at $31,498,000 after purchasing an additional 8,717 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in Grupo Aeroportuario del Sureste by 2,425.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 110,227 shares of the transportation company's stock valued at $35,148,000 after purchasing an additional 105,863 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Grupo Aeroportuario del Sureste by 4.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 75,898 shares of the transportation company's stock valued at $24,202,000 after purchasing an additional 3,433 shares during the last quarter. 10.57% of the stock is currently owned by institutional investors.

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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