Controladora Vuela Compañía de Aviación (NYSE:VLRS) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) issued its quarterly earnings results on Monday. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10, Zacks reports. The firm had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%.

Controladora Vuela Compañía de Aviación Trading Up 2.5 %

NYSE:VLRS traded up $0.09 on Wednesday, reaching $3.68. The company's stock had a trading volume of 1,641,793 shares, compared to its average volume of 782,411. Controladora Vuela Compañía de Aviación has a 12-month low of $3.50 and a 12-month high of $9.00. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The firm has a market cap of $429.08 million, a price-to-earnings ratio of 2.22 and a beta of 2.17. The stock has a 50 day moving average price of $5.34 and a 200 day moving average price of $7.00.

Analyst Ratings Changes

A number of analysts have recently issued reports on VLRS shares. Citigroup lowered their price target on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Morgan Stanley downgraded Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective on the stock. in a research report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group lifted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of "Moderate Buy" and an average price target of $9.27.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.