The Dublin- based Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) boosted its fiscal full-year profit estimate amid higher travel demand in the fiscal Q3.
The Europe’s biggest discount airline plans for net income of around 540 million Euros or $727 million in the year through March, evaluated against an earlier target of almost 520 million Euros.
Bloomberg gathered data by 13 analysts confirm that analysts projects 528 million Euros. The carrier also projects a decline in fiscal Q4 passenger traffic and reported it experienced some “softness” in January.
Shares of company traded 2.1% lower at 5.39 Euros at 10:37 AM in Dublin, after climbing almost 0.6% to a 5 year record high.
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Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) increased +0.25% or +$0.10 to trading at $39.48 following it hit intraday high level of $39.48. The total traded volume in the current trading session is 641,250 shares as compared to average 364,777.00 shares. Its fifty two week trading range is $27.66 – $39.48. The total market capitalization reached $11.38 billion.
The stock price was ahead its 52 week low price with +51.84% and it lagged behind -0.10% from its 52 week maximum mark. Stock price volatility for last month remained 1.63%. In its share capital, the company has 289.34 million outstanding shares out of which 277.06 million shares have been floated in the market.
RYAAY presented an optimistic weekly performance of +1.55% with respect to its rate of return and it remained +11.62% for the month. However, the performance for a quarter experienced a positive change of +25.49% and it increased +36.12% for a year and its year to date performance remained in green with +14.88%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with +5.83% and continued bullish run for 50 days moving average with +10.70%. Its earning per share for the past twelve months was $2.85. Company’s beta coefficient was at 0.51. Beta measures the amount of market risk associated with market trade.
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