Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Expected to Announce Earnings of $0.41 Per Share

Wall Street brokerages predict that Controladora Vuela Co Avcn SA CV (NYSE:VLRS) will post $0.41 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Controladora Vuela Co Avcn SA CV’s earnings. Controladora Vuela Co Avcn SA CV posted earnings of $0.26 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.7%. The business is scheduled to issue its next earnings report on Friday, February 28th.

According to Zacks, analysts expect that Controladora Vuela Co Avcn SA CV will report full-year earnings of $1.14 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $1.05 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Controladora Vuela Co Avcn SA CV.

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

Several research analysts have issued reports on the stock. 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 target price on the stock in a report on Saturday, October 12th. TheStreet raised shares of Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c” rating in a research report on Monday, October 28th. Finally, Bradesco Corretora restated a “neutral” rating and issued a $11.00 price target on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.00.

Shares of VLRS stock traded down $0.02 on Thursday, hitting $10.24. The stock had a trading volume of 259,400 shares, compared to its average volume of 278,017. Controladora Vuela Co Avcn SA CV has a one year low of $5.15 and a one year high of $11.50. The business has a 50 day moving average price of $10.76 and a 200 day moving average price of $9.92. The company has a market cap of $1.04 billion, a PE ratio of -29.26 and a beta of 1.27. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 8.72.

A number of hedge funds and other institutional investors have recently made changes to their positions in VLRS. Aperio Group LLC purchased a new position in shares of Controladora Vuela Co Avcn SA CV in the 2nd quarter valued at $44,000. Pendal Group Ltd boosted its position in Controladora Vuela Co Avcn SA CV by 13.1% during the second quarter. Pendal Group Ltd now owns 297,562 shares of the transportation company’s stock valued at $2,791,000 after purchasing an additional 34,532 shares in the last quarter. Advisors Preferred LLC bought a new stake in Controladora Vuela Co Avcn SA CV during the second quarter valued at about $50,000. Wells Fargo & Company MN grew its stake in Controladora Vuela Co Avcn SA CV by 566.2% in the second quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 3,352 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Controladora Vuela Co Avcn SA CV by 91.0% in the second quarter. JPMorgan Chase & Co. now owns 154,395 shares of the transportation company’s stock valued at $1,461,000 after purchasing an additional 73,559 shares during the last quarter.

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, 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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