LATAM Airlines Group (NYSE:LTM) Announces Earnings Results

Key Points

• LATAM reported quarterly EPS of $1.44, beating analysts’ $1.23 consensus by $0.21, while revenue of $4.48 billion fell short of the $4.53 billion estimate.
• Shares fell 1.8% on Tuesday to $43.89, despite the earnings-per-share beat.
• Analysts have an overall Moderate Buy rating, with an average price target of $66.27; six rate the stock Buy and two rate it Hold.

LATAM Airlines Group (NYSE:LTM - Get Free Report) issued its earnings results on Tuesday. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.21, FiscalAI reports. The business had revenue of $4.48 billion during the quarter, compared to analysts' expectations of $4.53 billion. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%.

LATAM Airlines Group Trading Down 1.8%

NYSE:LTM traded down $0.80 during trading hours on Tuesday, hitting $43.89. 644,051 shares of the company were exchanged, compared to its average volume of 1,028,799. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 1.09 and a beta of 3.64. LATAM Airlines Group has a one year low of $41.44 and a one year high of $70.42. The company has a fifty day simple moving average of $49.54 and a 200 day simple moving average of $52.74.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LTM shares. Weiss Ratings upgraded LATAM Airlines Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, October 26th. Zacks Research downgraded LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Finally, Wall Street Zen lowered shares of LATAM Airlines Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, LATAM Airlines Group currently has an average rating of "Moderate Buy" and an average price target of $66.27.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.

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