Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) issued its quarterly earnings results on Monday. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.18), Zacks reports. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $973.74 million.
Controladora Vuela Compania de Aviacion Stock Performance
VLRS opened at $5.57 on Tuesday. Controladora Vuela Compania de Aviacion has a 12-month low of $5.45 and a 12-month high of $10.80. The stock has a market cap of $648.87 million, a price-to-earnings ratio of -3.39 and a beta of 1.81. The business has a 50 day moving average of $6.55 and a 200-day moving average of $7.80. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on VLRS shares. UBS Group increased their target price on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group dropped their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Wall Street Zen cut shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings downgraded shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.40.
Read Our Latest Report on Controladora Vuela Compania de Aviacion
About Controladora Vuela Compania de Aviacion
Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.
Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.
Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.
Featured Stories
- Five stocks we like better than Controladora Vuela Compania de Aviacion
- Verizon’s Q3 Results Show Why SpaceX’s Spectrum Grab Isn’t a Major Threat
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
Receive News & Ratings for Controladora Vuela Compania de Aviacion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Compania de Aviacion and related companies with MarketBeat.com's FREE daily email newsletter.
