Corporación América Airports (CAAP) Set to Announce Earnings on Tuesday

Posted by on Mar 19th, 2023

Corporación América Airports (NYSE:CAAP – Get Rating) is set to release its earnings data after the market closes on Tuesday, March 21st. Parties interested in registering for the company’s conference call can do so using this link.

Corporación América Airports Stock Down 0.9 %

CAAP stock opened at $9.27 on Friday. The company has a market cap of $1.51 billion, a PE ratio of 11.44 and a beta of 2.00. The business has a 50-day simple moving average of $9.51 and a 200 day simple moving average of $8.41. Corporación América Airports has a 52 week low of $5.00 and a 52 week high of $10.45. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 1.52.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lifted their target price on Corporación América Airports from $6.00 to $6.80 and gave the company a “neutral” rating in a research report on Tuesday, December 6th.

Hedge Funds Weigh In On Corporación América Airports

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in Corporación América Airports by 6.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 6,865,928 shares of the company’s stock valued at $38,312,000 after purchasing an additional 403,783 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Corporación América Airports by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 716,443 shares of the company’s stock valued at $3,998,000 after acquiring an additional 333,744 shares in the last quarter. Stokes Family Office LLC raised its holdings in shares of Corporación América Airports by 59.8% in the 4th quarter. Stokes Family Office LLC now owns 314,500 shares of the company’s stock valued at $2,746,000 after acquiring an additional 117,630 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Corporación América Airports by 44.9% during the 4th quarter. Marshall Wace LLP now owns 91,762 shares of the company’s stock valued at $801,000 after buying an additional 28,441 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Corporación América Airports during the 4th quarter valued at about $299,000. 12.25% of the stock is owned by institutional investors and hedge funds.

Corporación América Airports Company Profile

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Corporacion America Airports SA engages in the acquisition, development, and management of airport concessionaires. It operates through the following geographical segments: Argentina, Italy, Brazil, Uruguay, Ecuador, and Armenia. The firm conducts its operations in international airport, such as Ezeiza Airport, Brasilia Airport, Aeroparque Airport, Bariloche, Iguazu, Galapagos Ecological Airport, and Florence Airport.

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Earnings History for Corporación América Airports (NYSE:CAAP)

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