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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) released its quarterly 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. The firm had revenue of $835.00 million for the quarter, compared to analysts’ expectations of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%.

Controladora Vuela Compañía de Aviación Trading Down 3.8 %

Shares of NYSE VLRS opened at $6.54 on Wednesday. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.57. The company has a market cap of $761.97 million, a price-to-earnings ratio of 3.94 and a beta of 2.45. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $7.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VLRS shares. UBS Group increased 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. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research note 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, According to MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and an average target price 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.