Equities analysts forecast that LATAM Airlines Group SA (NYSE:LTM) will report sales of $2.69 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for LATAM Airlines Group’s earnings, with the lowest sales estimate coming in at $2.68 billion and the highest estimate coming in at $2.69 billion. LATAM Airlines Group posted sales of $2.42 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The firm is expected to issue its next earnings results on Wednesday, March 21st.
On average, analysts expect that LATAM Airlines Group will report full year sales of $2.69 billion for the current year, with estimates ranging from $10.08 billion to $10.14 billion. For the next fiscal year, analysts anticipate that the business will report sales of $10.70 billion per share, with estimates ranging from $10.48 billion to $11.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover LATAM Airlines Group.
LTM has been the topic of a number of analyst reports. Zacks Investment Research upgraded LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, December 26th. Santander cut LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet upgraded LATAM Airlines Group from a “d+” rating to a “c” rating in a report on Thursday, November 16th. Finally, Bank of America reissued a “neutral” rating on shares of LATAM Airlines Group in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.67.
LATAM Airlines Group (NYSE:LTM) opened at $16.11 on Friday. The company has a market capitalization of $9,423.56, a price-to-earnings ratio of 64.75, a P/E/G ratio of 0.58 and a beta of 1.55. LATAM Airlines Group has a 12 month low of $8.95 and a 12 month high of $16.17.
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About LATAM Airlines Group
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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