Controladora Vuela Compañía de Aviación (NYSE:VLRS) Issues Earnings Results, Beats Estimates By $0.42 EPS

Controladora Vuela Compañía de Aviación (NYSE:VLRS) issued its quarterly earnings data on Monday. The transportation company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42, reports. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $685.84 million. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE VLRS opened at $8.48 on Wednesday. The firm has a fifty day moving average price of $7.43 and a 200-day moving average price of $7.59. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. The stock has a market cap of $744.02 million, a PE ratio of 121.09 and a beta of 2.55. Controladora Vuela Compañía de Aviación has a 1 year low of $5.52 and a 1 year high of $15.05.

Analyst Ratings Changes

VLRS has been the topic of a number of research analyst reports. TD Cowen lowered their price objective on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.85.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HB Wealth Management LLC lifted its position in Controladora Vuela Compañía de Aviación by 205.9% during the third quarter. HB Wealth Management LLC now owns 101,018 shares of the transportation company’s stock valued at $686,000 after purchasing an additional 68,000 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in Controladora Vuela Compañía de Aviación by 54.4% during the third quarter. Coronation Fund Managers Ltd. now owns 38,189 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 13,461 shares during the last quarter. Deltec Asset Management LLC bought a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $235,000. Acuitas Investments LLC bought a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $227,000. Finally, Moneda S.A. Administradora General de Fondos lifted its position in Controladora Vuela Compañía de Aviación by 74.9% during the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after purchasing an additional 444,082 shares during the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

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.