Zacks: Brokerages Expect Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Will Announce Earnings of $0.41 Per Share

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Wall Street analysts expect Controladora Vuela Co Avcn SA CV (NYSE:VLRS) to post earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Controladora Vuela Co Avcn SA CV’s earnings. Controladora Vuela Co Avcn SA CV reported earnings of $0.26 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.7%. The business is expected to issue its next quarterly earnings results on Friday, February 28th.

On average, analysts expect that Controladora Vuela Co Avcn SA CV will report full-year earnings of $1.14 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.12 per share, with EPS estimates ranging from $1.05 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Controladora Vuela Co Avcn SA CV.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its earnings results on Friday, October 25th. The transportation company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $484.00 million for the quarter, compared to the consensus estimate of $457.00 million. Controladora Vuela Co Avcn SA CV had a return on equity of 35.11% and a net margin of 5.61%.

VLRS has been the topic of a number of analyst reports. TheStreet raised Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c” rating in a research note on Monday, October 28th. Bradesco Corretora reaffirmed a “neutral” rating and set a $11.00 price target on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, October 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Shares of VLRS stock traded up $0.11 during trading hours on Thursday, hitting $10.28. The company’s stock had a trading volume of 24,548 shares, compared to its average volume of 233,896. The business has a fifty day moving average of $10.78 and a 200-day moving average of $9.91. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -29.40 and a beta of 1.27. Controladora Vuela Co Avcn SA CV has a twelve month low of $5.15 and a twelve month high of $11.50. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 8.72.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in Controladora Vuela Co Avcn SA CV by 566.2% during the second quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 3,352 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV in the second quarter valued at about $44,000. Russell Investments Group Ltd. bought a new position in Controladora Vuela Co Avcn SA CV in the 3rd quarter valued at approximately $47,000. Advisors Preferred LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at approximately $50,000. Finally, Northern Trust Corp lifted its stake in Controladora Vuela Co Avcn SA CV by 3.1% during the 2nd quarter. Northern Trust Corp now owns 191,184 shares of the transportation company’s stock valued at $1,793,000 after acquiring an additional 5,691 shares in the last quarter.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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