Controladora Vuela Compañía de Aviación (NYSE:VLRS) Announces Earnings Results, Misses Estimates By $0.16 EPS

Controladora Vuela Compañía de Aviación (NYSE:VLRS) announced its earnings results on Monday. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16), 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 Down 8.2 %

Shares of NYSE VLRS opened at $7.76 on Monday. 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 business’s 50 day moving average is $8.11 and its two-hundred day moving average is $7.28. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57. The firm has a market cap of $904.23 million, a price-to-earnings ratio of 4.67 and a beta of 2.45.

Wall Street Analysts Forecast Growth

VLRS has been the topic of a number of research reports. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.14.

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.