Ryanair Holdings PLC (NASDAQ:RYAAY) to Issue -- Dividend of $0.53

Key Points

• Ryanair Holdings PLC declared a dividend of $0.53 per share, which represents a yield of 1.2%, marking a 14.2% increase from its previous dividend of $0.47.
• Ryanair's stock has seen a decline of 1.7%, trading at $62.70, despite strong quarterly earnings, reporting $1.74 earnings per share against a consensus estimate of $1.49.
• A number of research firms have upgraded Ryanair's stock ratings, with a consensus rating of "Buy" and a target price of $111.50, highlighting strong market confidence.

Ryanair Holdings PLC (NASDAQ:RYAAY - Get Free Report) declared a -- dividend on Monday, July 28th, Wall Street Journal reports. Investors of record on Friday, August 8th will be given a dividend of 0.534 per share by the transportation company on Thursday, September 25th. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 8th. This is a 14.2% increase from Ryanair's previous -- dividend of $0.47.

Ryanair Stock Down 1.7%

Ryanair stock traded down $1.09 during midday trading on Monday, hitting $62.70. 1,227,987 shares of the stock were exchanged, compared to its average volume of 1,619,379. Ryanair has a 52-week low of $38.39 and a 52-week high of $63.90. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.38. The business's 50-day moving average price is $57.16 and its 200-day moving average price is $49.83. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

Ryanair (NASDAQ:RYAAY - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.25. The business had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $4.16 billion. Ryanair had a net margin of 14.42% and a return on equity of 27.91%. On average, research analysts expect that Ryanair will post 3.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RYAAY. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Raymond James Financial restated a "strong-buy" rating and set a $76.00 price target (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Six research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $111.50.

Institutional Trading of Ryanair

A hedge fund recently raised its stake in Ryanair stock. Goldman Sachs Group Inc. boosted its position in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 658.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 992,245 shares of the transportation company's stock after purchasing an additional 861,361 shares during the quarter. Goldman Sachs Group Inc. owned about 0.19% of Ryanair worth $42,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 43.66% of the stock is currently owned by institutional investors.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.

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