Streetbeat News

CAAP

Corporación América Airports S.A.

https://www.caap.aero

Industry

Airlines, Airports & Air Services

Corporación América Airports S.A., through its subsidiaries, acquires, develops, and operates airport concessions. It operates 53 airports in Latin America, Europe, and Eurasia. The company was formerly known as A.C.I. Airports International S.à r.l. The company was founded in 1998 and is headquartered in Luxembourg City, Luxembourg. Corporación América Airports S.A. is a subsidiary of A.C.I. Airports S.à r.l.

Open

17.84

Mkt cap

Volume

197K

High

19.02

P/E Ratio

8.97

52-wk high

19.98

Low

17.78

Div yield

N/A

52-wk low

12.70

Corporacion America (NYSE:CAAP) reported Q4 earnings with an EPS of $0.81, surpassing estimates by 170% but with a revenue decrease of $21.40 million from the previous year. The company had previously missed EPS estimates last quarter, leading to a 5% share price drop the following day.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 8:40 pm

Corporacion America (NYSE:CAAP) reported Q4 earnings of $0.81 per share, surpassing the $0.29 estimate, marking a 912.5% increase from last year. However, its Q4 sales of $365M fell short of the $431.1M estimate, a 5.54% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:33 pm

Numerous companies are scheduled to report their quarterly earnings on March 20, 2024, with expectations ranging from significant profits to losses. Notable mentions include BioNTech with projected earnings of $2.64 per share, PDD Holdings expecting $1.60 per share, and Micron Technology anticipated to report a loss of $0.26 per share. The diversity in performance across sectors highlights the varied economic landscape.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 9:32 am

Corporacion America (NYSE:CAAP) is scheduled to release its quarterly earnings report on March 20, 2024. Analysts predict an EPS of $0.29. The company's past earnings performance shows a mix of hits and misses, with the last quarter missing estimates by $0.05, leading to a 5.39% share price drop. Over the last year, CAAP shares have increased by 66.09%, trading at $15.09 as of March 18. Investors are advised to watch for the company's guidance for future growth, which can significantly impact stock price.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:01 pm

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Citigroup analyst Stephen Trent has upgraded Corporacion America (NYSE:CAAP) from Neutral to Buy and set a price target of $21.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:09 pm

Corporación América Airports S.A. (NYSE:CAAP) announced that its subsidiary ICASGA received a gross indemnification payment of R$610.4 million due to the friendly termination of its concession agreement for the Natal airport in Brazil. The payment will positively impact CAAP's Adjusted EBITDA by R$610.6 million in 4Q2023. The net indemnification amount will be disclosed after accounting for regulatory deductions, taxes, and costs, as well as pre-payment of ICASGA's debts. The transition to a new operator is expected to be completed by early March.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:36 pm

In Friday's pre-market session, several industrial stocks showed significant movement. GrafTech International (EAF) saw an 11.2% increase, while WANG & LEE Group (WLGS) rose by 11.07%. Intuitive Machines (LUNR) and Hyliion Holdings (HYLN) also experienced gains of 8.53% and 7.41%, respectively. Innovate (VATE) and Amprius Technologies (AMPX) stocks went up by 6.3% and 5.66%. On the losing side, Sentage Hldgs (SNTG) dropped by 13%, Mobile Infrastructure (BEEP) by 9.76%, ATIF Holdings (ATIF) by 7.32%, C3is (CISS) by 6.44%, View (VIEW) by 5.39%, and Corporacion America (CAAP) by 4.4%.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 1:05 pm

Franklin Covey Co. (FC) shares dropped 4.1% in pre-market trading despite reporting Q1 earnings and revenue above estimates. The company also reaffirmed its adjusted EBITDA growth outlook for FY 2024. Other stocks experiencing pre-market losses include Applied Therapeutics (APLT), Theravance Biopharma (TBPH), Voyager Therapeutics (VYGR), Medical Properties Trust (MPW), Catalyst Pharmaceuticals (CPRX), Allogene Therapeutics (ALLO), Dyne Therapeutics (DYN), and Corporación América Airports (CAAP).

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 11:19 am

Corporación América Airports (CAAP) reported a 14.5% year-over-year increase in passenger traffic for November 2023, matching the traffic levels of November 2019. All countries where CAAP operates, except Brazil and Italy, have surpassed their November 2019 passenger traffic levels.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 1:35 pm

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