Wall Street analysts expect LATAM Airlines Group SA (NYSE:LTM) to post earnings of $0.08 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for LATAM Airlines Group’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.10. LATAM Airlines Group posted earnings of $0.26 per share during the same quarter last year, which suggests a negative year over year growth rate of 69.2%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, November 20th.

According to Zacks, analysts expect that LATAM Airlines Group will report full-year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.31. For the next fiscal year, analysts expect that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.44 to $0.56. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow LATAM Airlines Group.

LATAM Airlines Group (NYSE:LTM) last posted its quarterly earnings results on Monday, August 20th. The transportation company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). LATAM Airlines Group had a return on equity of 5.45% and a net margin of 2.27%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.46 billion.

Several research analysts have commented on the stock. ValuEngine upgraded shares of LATAM Airlines Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Goldman Sachs Group assumed coverage on shares of LATAM Airlines Group in a report on Monday, July 16th. They set a “neutral” rating and a $12.00 price target for the company. Finally, Zacks Investment Research cut shares of LATAM Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. LATAM Airlines Group has an average rating of “Sell” and an average target price of $15.00.

NYSE LTM traded up $0.07 on Tuesday, hitting $9.00. 268,600 shares of the stock were exchanged, compared to its average volume of 499,162. LATAM Airlines Group has a fifty-two week low of $8.41 and a fifty-two week high of $17.39. The stock has a market capitalization of $5.67 billion, a PE ratio of 34.62 and a beta of 1.65.

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in shares of LATAM Airlines Group by 1,718.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock worth $117,000 after buying an additional 11,809 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of LATAM Airlines Group during the 2nd quarter worth approximately $243,000. UBS Group AG lifted its position in shares of LATAM Airlines Group by 82.1% during the 1st quarter. UBS Group AG now owns 51,283 shares of the transportation company’s stock worth $789,000 after buying an additional 23,125 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of LATAM Airlines Group by 11.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 65,381 shares of the transportation company’s stock worth $647,000 after buying an additional 6,545 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of LATAM Airlines Group by 38.3% during the 2nd quarter. KBC Group NV now owns 72,995 shares of the transportation company’s stock worth $722,000 after buying an additional 20,229 shares during the last quarter. Institutional investors and hedge funds own 2.48% of the company’s stock.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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