Ryanair shares hit all-time high

Investors anticipate the Irish airline will report a strong performance next week

Ryanair stock soared. Photograph:  Rui Vieira/PA Wire

Ryanair stock soared. Photograph: Rui Vieira/PA Wire

 

Ryanair shares hit an all time high of €17.97 on Friday as investors anticipated that the Irish airline would report a strong performance when it publishes 2017 financial results on next week.

Analysts at stockbrokers Goodbody speculated that Ryanair could announce plans to return up to €800 million to investors by buying back shares when it publishes its 2016-2017 results on Tuesday.

The airline’s stock surged on the Dublin market, closing 1.73 per cent up at €17.93. Dealers said its price hit an all-time high of €17.97 during Friday’s trade.

Ryanair purchased €550 million worth of equities and American depositary receipts – which are traded on the New York market – from shareholders between November and the end of February. It has returned €4.8 billion to investors since 2008.

In October, the company said it expected that net profit for the year would fall between €1.3 billion and €1.35 billion. Ryanair did not comment on Friday.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.