Controladora Vuela Compañía de Aviación (NYSE:VLRS) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Controladora Vuela Compañía de Aviación (NYSE:VLRS) issued its quarterly earnings data on Wednesday. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13, Zacks reports. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the previous year, the business earned ($0.33) earnings per share.

Controladora Vuela Compañía de Aviación Trading Up 0.6 %

NYSE:VLRS opened at $7.11 on Friday. The firm has a market capitalization of $828.43 million, a P/E ratio of 7.32 and a beta of 2.46. The business has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.81. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.67.

Analyst Ratings Changes

VLRS has been the topic of several analyst reports. Barclays reaffirmed an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, TD Cowen boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $13.02.

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.