Controladora Vuela Compania de Aviacion (NYSE:VLRS) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRSGet Free Report) posted its quarterly earnings results on Tuesday. The transportation company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.97) by ($0.14), FiscalAI reports. The firm had revenue of $859.00 million during the quarter, compared to the consensus estimate of $855.28 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%.

Controladora Vuela Compania de Aviacion Stock Performance

VLRS stock traded up $0.21 during trading hours on Tuesday, reaching $7.98. The stock had a trading volume of 1,010,196 shares, compared to its average volume of 704,597. The stock has a 50-day simple moving average of $8.03 and a 200 day simple moving average of $8.28. The stock has a market capitalization of $930.12 million, a PE ratio of -7.46 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion has a fifty-two week low of $4.44 and a fifty-two week high of $10.80.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VLRS shares. Barclays reduced their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target for the company. in a research note on Monday, April 13th. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target on the stock. in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Finally, Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and a consensus price target of $8.87.

Read Our Latest Report on Controladora Vuela Compania de Aviacion

Insider Transactions at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director directly owned 2,946,050 shares of the company’s stock, valued at $22,213,217. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at $2,129,000. State Street Corp lifted its stake in shares of Controladora Vuela Compania de Aviacion by 4.7% during the 4th quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock worth $696,000 after buying an additional 3,533 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth about $648,000. Millennium Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth about $3,139,000. Finally, Bank of America Corp DE boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 144.6% during the 3rd quarter. Bank of America Corp DE now owns 261,982 shares of the transportation company’s stock worth $1,881,000 after buying an additional 154,889 shares during the period. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

(Get Free Report)

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.

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Earnings History for Controladora Vuela Compania de Aviacion (NYSE:VLRS)

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