Zacks: Analysts Anticipate Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Will Post Earnings of $0.29 Per Share

Analysts expect Controladora Vuela Co Avcn SA CV (NYSE:VLRS) to announce $0.29 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Controladora Vuela Co Avcn SA CV’s earnings, with estimates ranging from $0.16 to $0.41. Controladora Vuela Co Avcn SA CV reported earnings of $0.26 per share during the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The firm is expected to issue its next earnings results on Friday, February 28th.

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On average, analysts expect that Controladora Vuela Co Avcn SA CV will report full-year earnings of $1.14 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $1.06 per share, with EPS estimates ranging from $0.95 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Controladora Vuela Co Avcn SA CV.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its earnings results on Friday, October 25th. The transportation company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $457.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 5.61% and a return on equity of 35.11%.

VLRS has been the topic of several recent analyst reports. Bradesco Corretora restated a “neutral” rating and set a $11.00 price objective on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday, September 17th. Zacks Investment Research upgraded shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Saturday, October 12th. ValuEngine downgraded shares of Controladora Vuela Co Avcn SA CV from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Barclays upgraded shares of Controladora Vuela Co Avcn SA CV from an “equal weight” rating to an “overweight” rating in a report on Monday, July 29th. Finally, TheStreet upgraded shares of Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $10.84.

A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in Controladora Vuela Co Avcn SA CV by 566.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock worth $37,000 after buying an additional 3,352 shares during the period. Aperio Group LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the 2nd quarter worth approximately $44,000. Russell Investments Group Ltd. acquired a new position in Controladora Vuela Co Avcn SA CV in the 3rd quarter worth approximately $47,000. Advisors Preferred LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the 2nd quarter worth approximately $50,000. Finally, Northern Trust Corp increased its holdings in Controladora Vuela Co Avcn SA CV by 3.1% in the 2nd quarter. Northern Trust Corp now owns 191,184 shares of the transportation company’s stock worth $1,793,000 after buying an additional 5,691 shares during the period.

Shares of VLRS traded down $0.22 during mid-day trading on Tuesday, hitting $11.08. 138,290 shares of the company traded hands, compared to its average volume of 283,164. Controladora Vuela Co Avcn SA CV has a 1-year low of $5.15 and a 1-year high of $11.50. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 8.72. The company has a market capitalization of $1.14 billion, a PE ratio of -31.66 and a beta of 1.28. The business has a 50 day moving average of $10.57 and a 200 day moving average of $9.74.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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