EZJ.L - easyJet plc
| Previous close | 867.80 |
| Open | 874.40 |
| Bid | 894.40 x 28000 |
| Ask | 894.60 x 306100 |
| Day's range | 872.40 - 894.80 |
| 52-week range | 840.00 - 1,803.00 |
| Volume | 767,085 |
| Avg. volume | 2,877,787 |
| Market cap | 3.539B |
| Beta (3Y monthly) | 0.47 |
| PE ratio (TTM) | 18.30 |
| EPS (TTM) | 48.90 |
| Earnings date | N/A |
| Forward dividend & yield | 0.59 (6.73%) |
| Ex-dividend date | 2019-02-28 |
| 1y target est | 1,479.74 |
- Simply Wall St.•3 days ago
Consider This Before Buying easyJet plc (LON:EZJ) For The 6.3% Dividend
Dividend paying stocks like easyJet plc (LON:EZJ) tend to be popular with investors, and for good reason - some...
- Reuters - UK Focus•3 days ago
LIVE MARKETS-Melt-up or meltdown?
- Bloomberg•3 days ago
Lufthansa’s Superstar Pilot Goes from Hero to Zero
(Bloomberg Opinion) -- If it’s true that all political lives end in failure, then the same could be said for business. Carsten Spohr became Deutsche Lufthansa AG’s chief executive in 2014, made an impressive start, and had his contract extended to the end of 2023. He may regret signing up for that long.The German airline’s shares tumbled 12 percent on Monday after it issued a second profit warning in as many months. It expects to generate as little as 2 billion euros ($2.2 billion) of operating profit in 2019, up to 25% below what was expected by analysts.The stock is now worth less than four times last year’s earnings, a pretty pitiful multiple, and investors who bought the stock when Spohr took over have lost money. Suddenly, a man feted as one of Germany’s most accomplished corporate leaders looks ordinary.How times have changed. Spohr’s response to a 2015 aircraft crash at the Lufthansa offshoot Germanwings was both sensitive and assured. Later on he faced down industrial action to win concessions from staff on pensions. In 2017, Lufthansa’s profit hit a record high and the stock price soared 150%. Spohr was duly named Manager of the Year by Germany’s influential Manager Magazin.Sustaining all of this was always going to be hard in the notoriously unstable airline business. Fuel costs have risen, rivals have added new capacity and air cargo demand has waned, thanks in part to U.S. President Donald Trump’s trade crusades. (It’s worth reading Bloomberg’s William Wilkes on Lufthansa’s litany of problems.)But Spohr can’t just blame external factors. His company has chased growth to the detriment of profitability and it has spent heavily on new jets and integrating older ones from the insolvent Air Berlin. Gross capital expenditure jumped 8% to 3.8 billion euros ($4.3 billion) last year, leaving precious little spare cash.While Lufthansa is still doing fine on long-haul routes, Spohr’s big idea — a budget subsidiary called Eurowings — has been a disaster. The new unit was meant to challenge Ryanair Holdings Plc and EasyJet Plc in Europe, and to serve long-haul holiday destinations, but it lost more than 230 million euros last year. Instead of breaking even in 2019, as was anticipated, it will now remain in the red.Spohr has hit the brakes on Eurowings’s expansion but the company plans to “vigorously defend” its dominant market position in Germany and Austria. Translated, that sounds worryingly like: “Fare war? Bring it on.”Ryanair is pursuing a similar battle of attrition against weaker rivals such as Norwegian Air Shuttle ASA, with the aim of forcing them out of business. But Ryanair’s costs are much lower than those of Eurowings.Of course, Lufthansa can afford a couple of bleak years. At the end of March it had 12 billion euros of net debt, aircraft lease and pension liabilities — or about 2.4 times Ebitda (a measure of earnings). Norwegian’s leverage is miles higher.But when your corporate strategy is all about acquisition (Thomas Cook Group Plc’s German arm could be next on Spohr’s shopping list) and heavy investment, falling profits are doubly alarming. They suggest cash might be misallocated. “We think the sooner the company focuses on value for shareholders and less chasing or defending market share, the better for the shares. We see no hint of that yet,” RBC’s Damian Brewer complained.At an investor event next week, Spohr has a chance to explain how he plans to fly Lufthansa out of this mess. Once seen as a safe steward of Lufthansa’s capital, he’s starting to look a little reckless.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters - UK Focus•3 days ago
LIVE MARKETS-It's been slim pickings for European exchanges
- Reuters - UK Focus•3 days ago
UPDATE 2-European stocks edge lower, Lufthansa drags after profit warning
European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the U.S. Federal Reserve on its policy direction. The pan-European STOXX 600 index finished 0.1% lower.
- Reuters - UK Focus•3 days ago
UPDATE 2-Banks support FTSE 100 even as airlines hit by Lufthansa warning
London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low. Both the FTSE 100 index and the FTSE 250 midcap index ended 0.2% higher.
- Reuters - UK Focus•3 days ago
Banking gains prod European shares higher
- Reuters - UK Focus•3 days ago
UPDATE 3-Lufthansa profit warning spooks European airline sector
Germany's Lufthansa sent shockwaves through the European airline sector on Monday as it cut its full-year profit forecast, with lower prices and higher fuel costs compounding the effect of losses at its budget subsidiary Eurowings. The warning follows gloomy comments last month from Irish budget airline Ryanair, which vies with Lufthansa for top spot in Europe in terms of passengers carried. In a statement issued late on Sunday, Lufthansa forecast annual EBIT of between 2 and 2.4 billion euros, down from the previously targeted 2.4 billion euros to 3 billion euros.
- Investing.com•3 days ago
StockBeat: It's Lufthansa's Turn to Send Europe's Airlines Tumbling
By Geoffrey Smith
- Fool.co.uk•13 days ago
With easyJet crashing out of the FTSE 100, what next for the share price?
The easyJet plc (LON:EZY) share price has flown down and crashed out of the FTSE 100 (INDEXFTSE: UKX), so could a growth alternative make for a better investment?
- Reuters - UK Focus•13 days ago
European stocks recover after ECB disappointment
European stocks were in recovery mode on Friday after a cautious message from the European Central Bank hit investors' appetite for risk in the previous session, with traders eyeing a U.S. jobs report and U.S. trade tussles with Mexico for fresh direction. Automakers climbed on a report that U.S. President Donald Trump could delay the tariffs he had threatened to put on Mexican goods as soon as this coming Monday, while French drugmaker Sanofi gained on its appointment of a new chief executive. France's CAC 40 outperformed its euro-peers with a 0.9%, helped by French pharma giant Sanofi.
- Fool.co.uk•15 days ago
Investors are taking a gamble on the easyJet share price: here’s what I’d do
The easyJet plc (LON:EZY) share price looks good value, but the company's future is far from certain.
- Fool.co.uk•17 days ago
Dividend stocks: Two 5%+ yielders that I’m considering right now
Is this big FTSE 100 faller poised for a strong recovery?
- Fool.co.uk•20 days ago
easyJet is about to depart the FTSE 100. Is this rival a better buy?
Paul Summers takes a closer look at the latest set of numbers from one of easyJet plc's (LON:EZY) biggest rivals.
- Fool.co.uk•21 days ago
Are these UK airline stocks set for market domination?
One writer looks at the investment case for easyJet plc (LON:EZJ) and two competitors…
- Simply Wall St.•21 days ago
A Look At The Fair Value Of easyJet plc (LON:EZJ)
Does the May share price for easyJet plc (LON:EZJ) reflect what it's really worth? Today, we will estimate the stock's...
- Fool.co.uk•23 days ago
3 stocks I’d buy if Brexit falls through
The future of Brexit is uncertain. Here are three stocks I think will skyrocket if it falls through.
- Fool.co.uk•23 days ago
Marks & Spencer and easyJet poised for FTSE 100 exit. Time to buy?
Marks and Spencer Group plc (LON:MKS) and easyJet plc (LON:EZJ) could be heading for the drop in the FTSE 100 (INDEXFTSE:UKX) summer reshuffle.
- Fool.co.uk•26 days ago
Is the easyJet share price a falling knife to catch after plummeting 40%?
easyJet plc (LON: EZJ) shares have lost nearly half of their value following bad news, but could this be a great opportunity for patient investors?
- Reuters•28 days ago
Turmoil over future of PM May, Brexit bruises British stocks
As the pound fell, the FTSE 250 lost 1.4% to hit its lowest point since March 29, when Britain was originally scheduled to exit the European Union. Dublin's main index, often regarded as a barometer of Brexit jitters, was also down nearly 1.4%. The turmoil was compounded when prominent Brexit supporter and Leader of the House of Commons, Andrea Leadsom, resigned from the government.
- Fool.co.uk•last month
After bad news from Ryanair, is the easyJet share price a buy?
Ryanair Holdings plc (LON: RYA) suffers a big profit fall, and that makes me want to look closely at easyJet plc (LON: EZJ) shares.
Reuters•last monthEuropean stocks fall on worries about Huawei fallout
Global risk appetite was jolted after Reuters reported Alphabet Inc's Google suspended some business with Huawei, while Apple Inc supplier Lumentum Holdings Inc said it had discontinued all shipments to Huawei. "Seeing as the United States has taken a tough stance against Huawei, traders are not hopeful that the U.S.-China trade dispute will be resolved quickly," David Madden, market analyst at CMC Markets UK, wrote in a note. Germany's DAX dropped 1.6%, while French stocks shed 1.5%.
Reuters•last monthRyanair profit hits four-year low as 'fare wars' bite
After initially falling 6%, the airline's shares made up some ground after O'Leary, who helped to develop the no-frills airline model in Europe, argued that lower fares and profitability for a couple of years were a price worth paying to boost market share and hasten consolidation. O'Leary said the lower fares and profit were cyclical and that four or five European airlines were likely to emerge as the winners in the sector. "Our strategy would be to keep adding capacity as quickly as we can in all the markets where we can," said O'Leary, who has been in charge of Ryanair since 1994.
- Fool.co.uk•last month
Is the easyJet share price a FTSE 100 bargain?
G A Chester discusses the investment appeal of FTSE 100 (INDEXFTSE:UKX) airline easyJet plc (LON:EZJ) and a small-cap leisure stock.
