Controladora Vuela Co Avcn SA CV (VLRS) to Post Q1 2019 Earnings of ($0.26) Per Share, Imperial Capital Forecasts

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) – Equities research analysts at Imperial Capital lowered their Q1 2019 earnings estimates for shares of Controladora Vuela Co Avcn SA CV in a report issued on Thursday, November 29th. Imperial Capital analyst M. Derchin now anticipates that the transportation company will earn ($0.26) per share for the quarter, down from their previous estimate of ($0.22). Imperial Capital has a “Underperform” rating and a $4.50 price target on the stock. Imperial Capital also issued estimates for Controladora Vuela Co Avcn SA CV’s Q2 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.02) EPS and FY2019 earnings at ($0.05) EPS.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last posted its quarterly earnings data on Friday, October 26th. The transportation company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.12). Controladora Vuela Co Avcn SA CV had a negative return on equity of 7.65% and a negative net margin of 2.72%. The firm had revenue of $389.00 million during the quarter, compared to analysts’ expectations of $383.00 million.

A number of other research firms have also weighed in on VLRS. Zacks Investment Research raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “strong-buy” rating and set a $9.25 price objective on the stock in a research report on Tuesday, September 25th. UBS Group lowered shares of Controladora Vuela Co Avcn SA CV from a “neutral” rating to a “sell” rating in a research report on Friday, September 28th. ValuEngine upgraded shares of Controladora Vuela Co Avcn SA CV from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. TheStreet downgraded shares of Controladora Vuela Co Avcn SA CV from a “c” rating to a “d+” rating in a research note on Friday, November 2nd. Finally, HSBC downgraded shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “reduce” rating in a research note on Friday, September 28th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Controladora Vuela Co Avcn SA CV currently has a consensus rating of “Hold” and a consensus target price of $8.53.

Controladora Vuela Co Avcn SA CV stock opened at $6.21 on Monday. Controladora Vuela Co Avcn SA CV has a 1-year low of $4.87 and a 1-year high of $9.41. The stock has a market capitalization of $432.35 million, a P/E ratio of -20.70 and a beta of 0.51.

A number of hedge funds have recently modified their holdings of VLRS. Bank of America Corp DE grew its stake in Controladora Vuela Co Avcn SA CV by 86,859.0% in the 2nd quarter. Bank of America Corp DE now owns 3,297,485 shares of the transportation company’s stock worth $16,751,000 after acquiring an additional 3,293,693 shares in the last quarter. Teewinot Capital Advisers L.L.C. grew its stake in Controladora Vuela Co Avcn SA CV by 7.4% in the 3rd quarter. Teewinot Capital Advisers L.L.C. now owns 4,710,804 shares of the transportation company’s stock worth $35,143,000 after acquiring an additional 325,657 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Controladora Vuela Co Avcn SA CV by 27.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 776,119 shares of the transportation company’s stock worth $5,796,000 after acquiring an additional 167,065 shares in the last quarter. Jane Street Group LLC grew its stake in Controladora Vuela Co Avcn SA CV by 1,256.0% in the 3rd quarter. Jane Street Group LLC now owns 164,616 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 152,476 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in Controladora Vuela Co Avcn SA CV in the 3rd quarter worth about $1,137,000.

About Controladora Vuela Co Avcn SA CV

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, 2017, the company operated a fleet of 71 Airbus narrow-body aircraft, which include 12 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 319 daily flight segments on routes that connect 40 cities in Mexico and 27 cities in the United States and Central America.

See Also: What is Net Asset Value (NAV)?

Earnings History and Estimates for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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