Corporación América Airports (NYSE:CAAP) Issues Earnings Results, Misses Expectations By $0.12 EPS

Corporación América Airports (NYSE:CAAP) announced its quarterly earnings results on Wednesday. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.12), Zacks reports. Corporación América Airports had a net margin of 20.78% and a return on equity of 28.13%. The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $373.00 million.

Corporación América Airports Price Performance

Shares of NYSE CAAP opened at $17.60 on Friday. The business’s 50 day moving average is $18.88 and its 200-day moving average is $18.51. The firm has a market cap of $2.87 billion, a P/E ratio of 8.15 and a beta of 1.97. Corporación América Airports has a 1-year low of $13.97 and a 1-year high of $20.79. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. started coverage on shares of Corporación América Airports in a research note on Friday, March 14th. They set an “overweight” rating and a $22.50 target price for the company.

About Corporación América Airports

Corporación América Airports SA, through its subsidiaries, acquires, develops, and operates airport concessions. It operates 52 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. and changed its name to Corporación América Airports SA in September 2017.