Profile
Sector:
IndustrialsIndustry:
Airports & Air ServicesCountry:
MexicoIPO:
28 September 2000Website:
http://www.asur.com.mxNext earnings report:
27 February 2025Last dividends:
25 June 2024Next dividends:
N/APrice
after hours | 63 min agoAnalysts recommendations
Institutional Ownership
ASR Latest News
Grupo Aeroportuario del Sureste posted good Q2'24 earnings; while traffic was down in Mexico, aerospace revenue still grew 24% and per-passenger non-aero revenue continues to improve. Sureste faces less exposure to engine issues with major Mexican carriers and potential government policy changes, but macro risks to tourism are still present in the near-term. Concession operators saw a sell-off after the Mexican elections; while there are risks that the government will worsen the terms of concessions, they remain vital parts of the economy.
MONTERREY, Mexico, June 10, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announces today that it has entered into a new derivative instrument in the form of an accelerated share repurchase transaction (“ASR”) to repurchase the Company's American Depositary Shares (“ADSs”)1. Under the terms of this new ASR, FEMSA has agreed to repurchase up to USD $600 million of its ADSs. The total number of ADSs ultimately repurchased under this ASR will be based on the daily volume-weighted average price of the Company's ADSs during the term of the ASR and subject to certain limitations. The final settlement of the ASR is expected to be completed, at the latest, in the fourth quarter of 2024.
Here is how Grupo Aeroportuario del Sureste (ASR) and Ryanair (RYAAY) have fared in comparison to their industry during the current year.
Now is a fantastic opportunity to consider investing in stocks within the travel and hospitality sectors, which were temporarily impacted by the COVID-19 pandemic.
ASR stock has performed well, outperforming the broader market with a 21.7% return. ASR reports lower revenues and EBITDA, but adjusted figures show positive growth. ASR's 2024-2028 investment plan and tariff increases suggest significant upside for ASR stock.
These stocks still look attractive, and they could provide decades of strong returns.
Here is how Grupo Aeroportuario del Sureste (ASR) and EuroDry (EDRY) have performed compared to their sector so far this year.
RYI, SIEGY and ASR made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 18, 2023.
FMX and ASR made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 17, 2023.
Investors interested in Transportation - Services stocks are likely familiar with Grupo Aeroportuario del Sureste (ASR) and RXO (RXO). But which of these two stocks presents investors with the better value opportunity right now?
What type of business is Grupo Aeroportuario del Sureste S A B de C V?
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. It provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. The company also offers non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, airlines, and other commercial tenants; catering, handling, and ground transportation services, as well as engages in the various commercial operations. In addition, it holds concessions to operate the Luis Muñoz Marín International Airport in San Juan, Puerto Rico; and various airports in Colombia, including the Enrique Olaya Herrera Airport in Medellín, the José María Córdova International Airport in Rionegro, the Los Garzones Airport in Montería, the Antonio Roldán Betancourt Airport in Carepa, the El Caraño Airport in Quibdó, and the Las Brujas Airport in Corozal. Grupo Aeroportuario del Sureste, S. A. B. de C. V. was founded in 1996 and is headquartered in Mexico City, Mexico.
What sector is Grupo Aeroportuario del Sureste S A B de C V in?
Grupo Aeroportuario del Sureste S A B de C V is in the Industrials sector
What industry is Grupo Aeroportuario del Sureste S A B de C V in?
Grupo Aeroportuario del Sureste S A B de C V is in the Airports & Air Services industry
What country is Grupo Aeroportuario del Sureste S A B de C V from?
Grupo Aeroportuario del Sureste S A B de C V is headquartered in Mexico
When did Grupo Aeroportuario del Sureste S A B de C V go public?
Grupo Aeroportuario del Sureste S A B de C V initial public offering (IPO) was on 28 September 2000
What is Grupo Aeroportuario del Sureste S A B de C V website?
https://www.asur.com.mx
Is Grupo Aeroportuario del Sureste S A B de C V in the S&P 500?
No, Grupo Aeroportuario del Sureste S A B de C V is not included in the S&P 500 index
Is Grupo Aeroportuario del Sureste S A B de C V in the NASDAQ 100?
No, Grupo Aeroportuario del Sureste S A B de C V is not included in the NASDAQ 100 index
Is Grupo Aeroportuario del Sureste S A B de C V in the Dow Jones?
No, Grupo Aeroportuario del Sureste S A B de C V is not included in the Dow Jones index
When was Grupo Aeroportuario del Sureste S A B de C V the previous earnings report?
No data
When does Grupo Aeroportuario del Sureste S A B de C V earnings report?
The next expected earnings date for Grupo Aeroportuario del Sureste S A B de C V is 27 February 2025