Airbus (OTCMKTS:EADSY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Airbus SE (OTCMKTS:EADSY) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $44.43 and traded as low as $43.40. Airbus shares last traded at $43.61, with a volume of 357,528 shares.

Wall Street Analyst Weigh In

EADSY has been the subject of several recent research reports. Berenberg Bank raised Airbus from a “sell” rating to a “hold” rating in a report on Friday, March 21st. Jefferies Financial Group lowered shares of Airbus from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Airbus in a research report on Monday, March 10th.

Airbus Stock Down 8.7 %

The stock has a market capitalization of $125.95 billion, a P/E ratio of 27.65, a PEG ratio of 2.65 and a beta of 1.47. The business has a 50-day simple moving average of $44.35 and a two-hundred day simple moving average of $40.61. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 0.85.

Airbus (OTCMKTS:EADSY) last announced its earnings results on Thursday, February 20th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $26.37 billion during the quarter, compared to analysts’ expectations of $24.22 billion. Airbus had a net margin of 6.10% and a return on equity of 23.22%. Equities research analysts forecast that Airbus SE will post 1.74 earnings per share for the current fiscal year.

Airbus Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.3871 per share. The ex-dividend date is Wednesday, April 23rd. This is a positive change from Airbus’s previous dividend of $0.36. Airbus’s dividend payout ratio is 26.39%.

Airbus Company Profile

Airbus SE, together with its subsidiaries, engages in the design, manufacture, and delivery of aerospace products, services, and solutions worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space. The Airbus segment develops, manufactures, markets, and sells commercial jet passenger aircraft, freighter aircraft, regional turboprop aircraft, and aircraft components, as well as provides aircraft conversion and related services.