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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) issued its quarterly earnings results on Tuesday. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the previous year, the firm posted ($0.33) EPS.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS traded down $0.10 during trading hours on Wednesday, reaching $7.07. The company had a trading volume of 574,346 shares, compared to its average volume of 593,629. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.67. The firm has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $6.81. The company has a market capitalization of $824.35 million, a price-to-earnings ratio of 7.42 and a beta of 2.46.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VLRS shares. 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. TD Cowen increased 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 report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.