Aircastle Limited (AYR) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Aircastle Limited (AYR) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.41. The company posted revenue of $190.00 million in the period, compared to analysts expectations of $188.25 million. The company’s revenue was down -7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Aircastle Limited closed down -0.42 points or -1.90% at $21.64 with 2,82,485 shares getting traded on Tusday. Post opening the session at $22.13, the shares hit an intraday low of $21.56 and an intraday high of $22.19 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Dec 16, 2015, Peter V Ueberroth (director) purchased 20,000 shares at $19.99 per share price. According to the SEC, on Nov 20, 2015, Michael Inglese (CFO) sold 40,000 shares at $20.62 per share price. On Aug 20, 2015, Ron Wainshal (CEO) purchased 2,400 shares at $20.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Aircastle Limited (Aircastle) is a holding company. The Company through its subsidiaries is engaged in acquiring leasing and selling commercial jet aircrafts. As of December 31 2014 the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States Ireland and Singapore. It also makes investments in other aviation assets including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft including narrowbody midbody and widebody and freighter aircrafts. The Company has operations in Europe Asia and Pacific North America South America and Middle East and Africa. As of December 31 2014 its customers include Martinair (including its affiliate Transavia) LATAM Airlines Group S.A. and South African Airways Pty. Ltd.

Aircastle Limited

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