Wall Street brokerages expect LATAM Airlines Group SA (NYSE:LTM) to post $2.82 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for LATAM Airlines Group’s earnings. The highest sales estimate is $2.85 billion and the lowest is $2.79 billion. LATAM Airlines Group posted sales of $2.61 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, March 12th.

On average, analysts expect that LATAM Airlines Group will report full-year sales of $10.39 billion for the current year, with estimates ranging from $10.37 billion to $10.43 billion. For the next year, analysts expect that the business will report sales of $10.97 billion, with estimates ranging from $10.86 billion to $11.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow LATAM Airlines Group.

LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Wednesday, November 21st. The transportation company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. LATAM Airlines Group had a net margin of 1.20% and a return on equity of 3.00%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.75 billion.

A number of brokerages recently weighed in on LTM. ValuEngine raised shares of LATAM Airlines Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Bank of America cut shares of LATAM Airlines Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of LATAM Airlines Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, January 23rd. UBS Group raised shares of LATAM Airlines Group from a “sell” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Citigroup raised shares of LATAM Airlines Group from a “sell” rating to a “neutral” rating and set a $11.00 price objective for the company in a research report on Monday, November 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $13.25.

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its stake in shares of LATAM Airlines Group by 3.6% in the second quarter. Northern Trust Corp now owns 638,232 shares of the transportation company’s stock valued at $6,312,000 after purchasing an additional 22,417 shares during the period. Aperio Group LLC increased its stake in shares of LATAM Airlines Group by 40.7% in the third quarter. Aperio Group LLC now owns 150,712 shares of the transportation company’s stock valued at $1,417,000 after purchasing an additional 43,565 shares during the period. SG Americas Securities LLC acquired a new stake in shares of LATAM Airlines Group in the third quarter valued at approximately $4,514,000. Canada Pension Plan Investment Board increased its stake in shares of LATAM Airlines Group by 1,718.9% in the third quarter. Canada Pension Plan Investment Board now owns 12,496 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 11,809 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of LATAM Airlines Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,906,802 shares of the transportation company’s stock valued at $36,759,000 after purchasing an additional 51,956 shares during the period. 2.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of LATAM Airlines Group stock opened at $11.61 on Friday. LATAM Airlines Group has a twelve month low of $8.41 and a twelve month high of $17.01. The firm has a market cap of $7.05 billion, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.41.

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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