Grupo Aeroportuario del Sureste (NYSE:ASR) Announces Quarterly Earnings Results, Misses Estimates By $0.62 EPS

by · The Markets Daily

Grupo Aeroportuario del Sureste (NYSE:ASR – Get Free Report) posted its earnings results on Thursday. The transportation company reported $3.98 EPS for the quarter, missing analysts’ consensus estimates of $4.60 by ($0.62), Zacks reports. The firm had revenue of $576.34 million for the quarter, compared to analysts’ expectations of $526.91 million. Grupo Aeroportuario del Sureste had a return on equity of 21.32% and a net margin of 26.07%.

Grupo Aeroportuario del Sureste Stock Down 0.9%

Shares of ASR traded down $2.27 during midday trading on Thursday, hitting $250.53. The company had a trading volume of 107,968 shares, compared to its average volume of 67,598. The company’s 50 day moving average price is $248.23 and its 200 day moving average price is $282.13. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.70 and a beta of 0.52. Grupo Aeroportuario del Sureste has a 52 week low of $226.19 and a 52 week high of $381.52. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASR. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a “neutral” rating to an “underweight” rating in a report on Wednesday, July 22nd. Weiss Ratings downgraded Grupo Aeroportuario del Sureste from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Finally, HSBC raised Grupo Aeroportuario del Sureste from a “hold” rating to a “buy” rating and set a $349.00 target price for the company in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average price target of $324.50.

Get Our Latest Analysis on Grupo Aeroportuario del Sureste

About Grupo Aeroportuario del Sureste

(Get Free Report)

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE:ASR), commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country’s major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.

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