Ryanair (RYAAY) Projected to Post Earnings on Monday

Ryanair (NASDAQ:RYAAY) is projected to release its earnings data before the market opens on Monday, July 21st. Analysts expect Ryanair to post earnings of $1.21 per share and revenue of $4.16 billion for the quarter.

Ryanair Trading Down 3.3%

NASDAQ:RYAAY opened at $56.15 on Friday. The stock has a 50-day simple moving average of $55.96 and a 200-day simple moving average of $49.11. The stock has a market cap of $29.80 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.00 and a beta of 1.38. 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 quick ratio of 0.74 and a current ratio of 0.74.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ryanair stock. Goldman Sachs Group Inc. grew its position in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 658.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 992,245 shares of the transportation company’s stock after purchasing an additional 861,361 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Ryanair worth $42,041,000 at the end of the most recent quarter. 43.66% of the stock is currently owned by institutional investors.

About Ryanair

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.