Grupo Aeroportuario del Sureste, S.A. de C.V. to Issue Dividend of $8.15 (NYSE:ASR)
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) announced a dividend of $8.15 per share, payable on December 8th to shareholders of record on November 26th. The company has a payout ratio of 101.0%, indicating reliance on its balance sheet for dividend payments. Analysts project earnings of $22.08 per share next year, suggesting potential challenges in covering the annual dividend of $24.59. The stock traded at $310.40, with a market cap of $9.31 billion and a P/E ratio of 16.46.
Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Get Free Report) declared a dividend on Tuesday, October 28th. Investors of record on Wednesday, November 26th will be given a dividend of 8.1473 per share by the transportation company on Monday, December 8th. The ex-dividend date of this dividend is Wednesday, November 26th.
Grupo Aeroportuario del Sureste has a payout ratio of 101.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Grupo Aeroportuario del Sureste to earn $22.08 per share next year, which means the company may not be able to cover its $24.59 annual dividend with an expected future payout ratio of 111.4%.
Grupo Aeroportuario del Sureste Stock Performance
NYSE:ASR traded up $4.01 during mid-day trading on Wednesday, reaching $310.40. 22,394 shares of the stock were exchanged, compared to its average volume of 72,898. The company has a 50 day simple moving average of $324.19 and a 200-day simple moving average of $318.43. The stock has a market capitalization of $9.31 billion, a P/E ratio of 16.46, a P/E/G ratio of 8.40 and a beta of 0.77. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. Grupo Aeroportuario del Sureste has a 1 year low of $248.88 and a 1 year high of $360.00.
Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.26 by ($1.42). The firm had revenue of $475.81 million for the quarter, compared to analysts' expectations of $502.91 million. Grupo Aeroportuario del Sureste had a return on equity of 17.47% and a net margin of 31.96%. Analysts anticipate that Grupo Aeroportuario del Sureste will post 23 earnings per share for the current fiscal year.
Grupo Aeroportuario del Sureste Company Profile
(Get Free Report)Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.
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