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) announced its quarterly earnings data on Monday. The transportation company reported ($0.44) EPS for the quarter, beating the consensus estimate 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 9.6 %

VLRS traded up $0.34 during midday trading on Friday, reaching $3.93. 3,569,992 shares of the company's stock traded hands, compared to its average volume of 796,379. Controladora Vuela Compañía de Aviación has a 52 week low of $3.49 and a 52 week high of $9.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a fifty day moving average of $5.14 and a two-hundred day moving average of $6.94. The stock has a market capitalization of $458.58 million, a price-to-earnings ratio of 2.37 and a beta of 2.17.

Analysts Set New Price Targets

A number of research analysts have commented on VLRS shares. TD Cowen reduced their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Barclays downgraded shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $12.00 to $4.50 in a research note on Tuesday. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an "outperform" rating and a $12.00 price objective on the stock. Finally, StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.