Controladora Vuela Compania de Aviacion (NYSE:VLRS) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRS) announced its earnings results on Monday. The transportation company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18), Zacks reports. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $982.29 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%.

Controladora Vuela Compania de Aviacion Stock Down 2.0%

NYSE:VLRS traded down $0.12 on Monday, hitting $5.57. 526,016 shares of the company’s stock traded hands, compared to its average volume of 623,627. The company has a market cap of $648.88 million, a PE ratio of -3.39 and a beta of 1.81. Controladora Vuela Compania de Aviacion has a 1 year low of $5.45 and a 1 year high of $10.80. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.78. The firm has a 50-day moving average price of $6.55 and a 200-day moving average price of $7.80.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VLRS. Wall Street Zen lowered Controladora Vuela Compania de Aviacion from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. The Goldman Sachs Group decreased their price target on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. Finally, UBS Group boosted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and a consensus price target of $9.40.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.