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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) announced its quarterly earnings results on Monday. The transportation company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.10, Zacks reports. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%.

Controladora Vuela Compañía de Aviación Stock Performance

Controladora Vuela Compañía de Aviación stock opened at $3.94 on Tuesday. 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 company has a market capitalization of $459.40 million, a PE ratio of 2.37 and a beta of 2.17. The firm has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $7.03. Controladora Vuela Compañía de Aviación has a twelve month low of $3.88 and a twelve month high of $9.00.

Analyst Ratings Changes

A number of research firms have weighed in on VLRS. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price for the company. Barclays lowered shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.50 price target for the company. in a research report on Tuesday. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. UBS Group boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, 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 for the company in a research report on Friday. Three equities 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.27.

About Controladora Vuela Compañía de Aviación

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.