Ryanair (RYAAY) to Release Quarterly Earnings on Monday

Ryanair (NASDAQ:RYAAY – Get Rating) will issue its quarterly earnings data before the market opens on Monday, May 22nd. Analysts expect the company to announce earnings of ($0.99) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Ryanair Stock Down 1.8 %

Ryanair stock opened at $100.29 on Friday. The business has a fifty day moving average of $94.43 and a two-hundred day moving average of $88.03. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market cap of $22.84 billion, a P/E ratio of 16.50 and a beta of 1.45. Ryanair has a twelve month low of $55.90 and a twelve month high of $106.05.

Institutional Investors Weigh In On Ryanair

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC grew its position in shares of Ryanair by 11.8% in the first quarter. Lazard Asset Management LLC now owns 5,787,913 shares of the transportation company’s stock valued at $504,242,000 after purchasing an additional 612,114 shares during the last quarter. Royal Bank of Canada grew its holdings in Ryanair by 27.5% during the 1st quarter. Royal Bank of Canada now owns 2,038,087 shares of the transportation company’s stock worth $177,557,000 after acquiring an additional 439,740 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ryanair by 149.5% in the 1st quarter. JPMorgan Chase & Co. now owns 653,814 shares of the transportation company’s stock worth $61,648,000 after buying an additional 391,747 shares during the last quarter. Maple Rock Capital Partners Inc. bought a new position in shares of Ryanair in the 1st quarter worth about $23,572,000. Finally, Wellington Management Group LLP lifted its position in Ryanair by 13.5% in the 1st quarter. Wellington Management Group LLP now owns 2,071,104 shares of the transportation company’s stock valued at $180,436,000 after purchasing an additional 246,276 shares during the last quarter. 42.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on RYAAY shares. Barclays initiated coverage on Ryanair in a report on Tuesday, February 21st. They set an “overweight” rating for the company. Raymond James raised their target price on Ryanair from $113.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 1st. Stifel Nicolaus raised shares of Ryanair from a “sell” rating to a “buy” rating in a research note on Wednesday, April 19th. StockNews.com began coverage on shares of Ryanair in a research note on Thursday. They issued a “hold” rating on the stock. Finally, TheStreet lowered shares of Ryanair from a “b-” rating to a “c” rating in a research note on Monday, January 30th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $43.25.

Ryanair Company Profile

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Ryanair Holdings Plc engages in the provision of low fares airline-related services. It also offers ancillary, core air passenger, non-flight scheduled, and internet-related services. It also involved in in-flight sale of beverages, food, and merchandise. It operates through the following segments: Ryanair DAC, Malta Air, and Other Airlines.