Aircastle Limited (NYSE:AYR):
Aircastle Announces Senior Management Transition and Changes to Board of Directors.
The company is now up from yesterday’s close of $22.675.
Additionally the company recently announced a dividend for shareholders which will be paid on Thursday the 15th of June 2017. The dividend payment will be $0.260 per share for the quarter or $1.04 annualized. This dividend represents a yeild of $4.58 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Friday May 26th, 2017.
Aircastle Limited, launched on October 29, 2004, is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is involved in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries..
It is trading at $22.70 a tad higher than $22.55, the 50 day moving average and slightly below the 200 day moving average of $22.71. The 50 day moving average was up $0.15 or +0.64% whereas the 200 day average was down by -0.04%.
Aircastle Limited’s P/E ratio is 11.35 and market cap is 1.79B. As of the last earnings report the EPS was $2.00 and is projected to be $2.41 for the current year with 78,713,000 shares outstanding. Next quarter’s EPS is expected be $0.58 and the next full year EPS is anticipated to be $2.47.
Ratings firms have provided guidance on Aircastle Limited recently. On November 2, 2016 the stock rating was set at “Outperform” according to a FBR Capital report a boost from the previous “Outperform” rating. Equity analyst Stephens & Co. added the stock to its research portfolio giving it an initial rating of “Underweight”.
On May 5 the company was downgraded to “Hold” from “Buy” in an announcement from Deutsche Bank. On April 15 the stock rating was downgraded from “Overweight” to “Underweight” with a current price target of $22.00 by Barclays.
Equity analyst Barclays both downgraded the stock and lowered the price target on April 15 cutting the price target from $28.00 to $22.00 and moving the rating from “Overweight” to “Underweight”. On April 14 the company was changed to a “Market Perform” in a report from Wells Fargo down from the previous “Outperform” rating.