Controladora Vuela Compania de Aviacion (NYSE:VLRS) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) released its earnings results on Monday. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.75) by $0.21, Zacks reports. The firm had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%. During the same quarter in the previous year, the business posted $0.09 earnings per share.

Controladora Vuela Compania de Aviacion Stock Down 1.9%

Shares of VLRS stock traded down $0.11 during midday trading on Thursday, reaching $5.32. 872,008 shares of the stock were exchanged, compared to its average volume of 830,305. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.00. The company's 50 day moving average is $4.62 and its two-hundred day moving average is $5.65. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market cap of $619.73 million, a PE ratio of -19.68 and a beta of 2.12.

Analyst Ratings Changes

Several research firms recently commented on VLRS. Morgan Stanley downgraded shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price on the stock. in a research report on Tuesday, April 29th. Itau BBA Securities lowered Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group lowered their price objective on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Finally, TD Cowen increased their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.69.

Controladora Vuela Compania de Aviacion 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.