Ryanair (NASDAQ:RYAAY) Announces Quarterly Earnings Results, Beats Estimates By $0.53 EPS

Ryanair (NASDAQ:RYAAY - Get Free Report) released its quarterly earnings results on Monday. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.53, Zacks reports. Ryanair had a net margin of 11.79% and a return on equity of 21.35%.

Ryanair Trading Up 6.6%

Shares of NASDAQ:RYAAY traded up $3.71 during mid-day trading on Monday, reaching $59.86. 2,355,533 shares of the company were exchanged, compared to its average volume of 1,646,529. The firm has a market cap of $31.77 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.97 and a beta of 1.38. Ryanair has a 1 year low of $36.96 and a 1 year high of $60.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.74 and a quick ratio of 0.74. The firm's 50-day simple moving average is $55.96 and its 200 day simple moving average is $49.19.

Institutional Trading of Ryanair

A hedge fund recently raised its stake in Ryanair stock. Goldman Sachs Group Inc. grew its stake in shares of Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 658.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 992,245 shares of the transportation company's stock after buying 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. Institutional investors and hedge funds own 43.66% of the company's stock.

Analyst Upgrades and Downgrades

RYAAY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Ryanair from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Ryanair in a report on Wednesday, July 2nd. Finally, Oddo Bhf upgraded shares of Ryanair from an "underperform" rating to an "outperform" rating in a research report on Wednesday, July 16th. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ryanair presently has a consensus rating of "Buy" and an average price target of $108.50.

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.