Controladora Vuela Compañía de Aviación (NYSE:VLRS) Announces Earnings Results

Controladora Vuela Compañía de Aviación (NYSE:VLRS) announced its quarterly earnings results on Monday. The transportation company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.42, reports. The firm had revenue of $768.00 million for the quarter, compared to the consensus estimate of $685.84 million. Controladora Vuela Compañía de Aviación had a return on equity of 4.51% and a net margin of 0.25%.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.48 on Wednesday. The stock has a market capitalization of $744.02 million, a PE ratio of 121.09 and a beta of 2.55. The company’s 50-day moving average is $7.43 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. Controladora Vuela Compañía de Aviación has a 1 year low of $5.52 and a 1 year high of $15.05.

Analyst Upgrades and Downgrades

VLRS has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research note on Friday, January 26th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen cut their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and a consensus target price of $13.85.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Large investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its position in Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 3,324 shares in the last quarter. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $83,000. Vanguard Personalized Indexing Management LLC lifted its position in Controladora Vuela Compañía de Aviación by 14.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock valued at $96,000 after acquiring an additional 1,759 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $169,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.