LATAM Airlines Group (NYSE:LTM) Releases Quarterly Earnings Results, Beats Estimates By $0.66 EPS

Key Points

• LATAM reported Q earnings of $2.01 EPS, beating estimates by $0.66, and posted revenue of $4.08 billion versus $3.93 billion consensus, with a net margin of 10.07% and ROE of 136.61%.
• Shares climbed about 2.3% to $46.29 on the news; the company has a market cap of $13.29 billion, a P/E of 9.09 and a 52‑week range of $32.03–$70.42.
• Analyst sentiment is mixed but positive overall—MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $62.10, following several recent upgrades and a few downgrades.

LATAM Airlines Group (NYSE:LTM - Get Free Report) posted its quarterly earnings results on Tuesday. The transportation company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.35 by $0.66, FiscalAI reports. LATAM Airlines Group had a return on equity of 136.61% and a net margin of 10.07%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.93 billion.

LATAM Airlines Group Stock Up 2.3%

NYSE:LTM traded up $1.03 on Tuesday, reaching $46.29. 992,383 shares of the company's stock were exchanged, compared to its average volume of 971,595. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.26 and a beta of 3.62. The business has a fifty day moving average of $50.78 and a 200-day moving average of $52.46. LATAM Airlines Group has a 52-week low of $32.03 and a 52-week high of $70.42.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LTM shares. Morgan Stanley upgraded shares of LATAM Airlines Group from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $61.00 to $60.00 in a report on Thursday, March 26th. Weiss Ratings restated a "hold (c)" rating on shares of LATAM Airlines Group in a report on Tuesday, April 21st. Barclays reduced their price objective on shares of LATAM Airlines Group from $75.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, March 24th. Zacks Research lowered shares of LATAM Airlines Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group upgraded shares of LATAM Airlines Group from a "neutral" rating to a "buy" rating and set a $63.40 price objective on the stock in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.10.

Institutional Trading of LATAM Airlines Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in LATAM Airlines Group by 37.6% during the third quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company's stock worth $199,000 after purchasing an additional 1,200 shares during the period. Royal Bank of Canada increased its stake in LATAM Airlines Group by 340.2% during the fourth quarter. Royal Bank of Canada now owns 2,672 shares of the transportation company's stock worth $144,000 after purchasing an additional 2,065 shares during the period. Engineers Gate Manager LP grew its position in shares of LATAM Airlines Group by 12.6% during the second quarter. Engineers Gate Manager LP now owns 18,668 shares of the transportation company's stock worth $759,000 after buying an additional 2,082 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of LATAM Airlines Group during the second quarter worth about $90,000. Finally, Invesco Ltd. grew its position in shares of LATAM Airlines Group by 26.6% during the fourth quarter. Invesco Ltd. now owns 12,058 shares of the transportation company's stock worth $651,000 after buying an additional 2,533 shares in the last quarter.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.

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