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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) released its earnings results on Tuesday. The transportation company reported $0.32 EPS 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 49.54% and a net margin of 3.58%. The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the prior year, the firm earned ($0.33) earnings per share.

Controladora Vuela Compañía de Aviación Stock Down 1.4 %

Shares of VLRS stock traded down $0.10 during midday trading on Wednesday, reaching $7.07. 507,753 shares of the stock were exchanged, compared to its average volume of 593,401. The firm has a market cap of $824.35 million, a PE ratio of 7.42 and a beta of 2.46. 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 company’s 50 day moving average is $6.22 and its two-hundred day moving average is $6.81. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.67.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VLRS. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen lifted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.