Controladora Vuela Compañía de Aviación (NYSE:VLRS) Announces Earnings Results, Beats Estimates By $0.13 EPS

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

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock traded up $0.05 during trading on Friday, hitting $7.11. 936,641 shares of the stock traded hands, compared to its average volume of 598,591. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.67. The stock has a market cap of $828.43 million, a price-to-earnings ratio of 7.31 and a beta of 2.46. The company has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.81. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Analyst Ratings Changes

Several research firms have issued reports on VLRS. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays restated an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday. Finally, TD Cowen raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Controladora Vuela Compañía de Aviación currently has an average rating of “Buy” and a consensus price target 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.