Ryanair (RYAAY) Projected to Post Quarterly Earnings on Monday

Ryanair (NASDAQ:RYAAY - Get Free Report) is projected to announce its earnings results before the market opens on Monday, July 21st. Analysts expect the company to announce earnings of $1.21 per share and revenue of $4.16 billion for the quarter.

Ryanair Price Performance

NASDAQ RYAAY traded down $1.66 during trading hours on Friday, reaching $56.38. 895,249 shares of the stock traded hands, compared to its average volume of 1,639,101. The stock has a 50 day simple moving average of $55.83 and a two-hundred day simple moving average of $49.02. Ryanair has a 1 year low of $36.96 and a 1 year high of $59.36. 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 company has a market cap of $29.92 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.01 and a beta of 1.38.

Institutional Investors Weigh In On Ryanair

An institutional investor recently raised its position in Ryanair stock. Goldman Sachs Group Inc. boosted its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 658.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 992,245 shares of the transportation company's stock after buying an additional 861,361 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Ryanair worth $42,041,000 as of its most recent SEC filing. 43.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RYAAY has been the topic of a number of research analyst reports. Raymond James Financial restated a "strong-buy" rating on shares of Ryanair in a report on Wednesday, July 2nd. Royal Bank Of Canada restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Sanford C. Bernstein restated an "outperform" rating on shares of Ryanair in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft upgraded Ryanair from a "hold" rating to a "buy" rating in a report on Thursday, March 27th. Finally, Oddo Bhf upgraded Ryanair from an "underperform" rating to an "outperform" rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $108.50.

Ryanair Company Profile

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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