Corporacion America Airports (NYSE:CAAP) Announces Earnings Results, Misses Expectations By $0.04 EPS

by · The Cerbat Gem

Corporacion America Airports (NYSE:CAAP – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04), FiscalAI reports. The firm had revenue of $537.62 million for the quarter, compared to analysts’ expectations of $470.63 million. Corporacion America Airports had a net margin of 13.79% and a return on equity of 18.23%.

Here are the key takeaways from Corporacion America Airports’ conference call:

  • Strong Q1 performance highlighted 7% passenger growth, 19% revenue growth, and 26% adjusted EBITDA growth, showing operating leverage across the portfolio.
  • Management said international traffic was the main driver, with solid demand in Argentina, Italy, Brazil, Armenia, and Ecuador supporting broad-based growth.
  • Commercial revenue outpaced traffic, rising 21% thanks to higher fuel, cargo, duty-free, food and beverage, VIP lounge, and parking activity, while revenue per passenger increased to $22.7.
  • The company reported a stronger balance sheet, with net debt falling to $419 million and net leverage at 0.5x, and noted that it is considering a dividend policy.
  • Strategically, Corporación América Airports secured a 35-year extension in Armenia plus a $425 million investment program, while progress continues on Argentina, Italy, Iraq, and Angola opportunities.

Corporacion America Airports Stock Performance

CAAP traded down $0.86 during midday trading on Friday, reaching $23.82. The company had a trading volume of 136,375 shares, compared to its average volume of 263,892. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average of $25.44 and a two-hundred day moving average of $25.81. The company has a market cap of $3.94 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.59 and a beta of 0.68. Corporacion America Airports has a 1 year low of $17.36 and a 1 year high of $30.50.

Institutional Trading of Corporacion America Airports

A number of hedge funds and other institutional investors have recently bought and sold shares of CAAP. BNP Paribas Financial Markets increased its position in Corporacion America Airports by 673.3% in the third quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock worth $8,964,000 after buying an additional 430,726 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Corporacion America Airports by 110.6% in the third quarter. Qube Research & Technologies Ltd now owns 136,973 shares of the company’s stock worth $2,482,000 after buying an additional 71,922 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Corporacion America Airports in the fourth quarter worth about $1,845,000. Empirical Finance LLC increased its position in Corporacion America Airports by 37.1% in the fourth quarter. Empirical Finance LLC now owns 243,987 shares of the company’s stock worth $6,344,000 after buying an additional 66,000 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Corporacion America Airports by 37.1% in the fourth quarter. Empowered Funds LLC now owns 243,987 shares of the company’s stock worth $6,344,000 after buying an additional 66,000 shares in the last quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research cut Corporacion America Airports from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. The Goldman Sachs Group upped their price objective on Corporacion America Airports from $25.10 to $28.50 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded Corporacion America Airports from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. JPMorgan Chase & Co. upped their price objective on Corporacion America Airports from $24.50 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Corporacion America Airports in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.84.

Read Our Latest Research Report on Corporacion America Airports

About Corporacion America Airports

(Get Free Report)

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.

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