Ryanair (NASDAQ:RYAAY) Shares Gap Up After Strong Earnings

Ryanair Holdings plc (NASDAQ:RYAAYGet Free Report) gapped up before the market opened on Monday following a better than expected earnings announcement. The stock had previously closed at $46.14, but opened at $47.26. Ryanair shares last traded at $47.17, with a volume of 479,906 shares changing hands.

The transportation company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.20. Ryanair had a net margin of 11.38% and a return on equity of 19.92%.

Ryanair Dividend Announcement

The business also recently announced a — dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, January 17th will be given a $0.4677 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a dividend yield of 4.2%. Ryanair’s dividend payout ratio is 33.33%.

Analyst Upgrades and Downgrades

RYAAY has been the subject of several research reports. UBS Group raised shares of Ryanair from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Barclays raised shares of Ryanair from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com downgraded Ryanair from a “buy” rating to a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

View Our Latest Stock Report on RYAAY

Institutional Investors Weigh In On Ryanair

Institutional investors have recently bought and sold shares of the company. Paradigm Asset Management Co. LLC raised its stake in shares of Ryanair by 87.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 750 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 350 shares during the period. GAMMA Investing LLC raised its position in Ryanair by 261.5% in the third quarter. GAMMA Investing LLC now owns 893 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 646 shares during the period. Signaturefd LLC raised its position in Ryanair by 153.1% in the third quarter. Signaturefd LLC now owns 891 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 539 shares during the period. R Squared Ltd acquired a new position in Ryanair during the fourth quarter worth $42,000. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Ryanair by 150.0% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,075 shares of the transportation company’s stock worth $47,000 after buying an additional 645 shares during the period. 43.66% of the stock is currently owned by institutional investors and hedge funds.

Ryanair Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $25.63 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.97 and a beta of 1.50. The stock has a 50 day moving average price of $44.16 and a two-hundred day moving average price of $69.18.

About Ryanair

(Get Free Report)

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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