Controladora Vuela Compania de Aviacion (NYSE:VLRS) Posts Earnings Results, Misses Expectations By $0.21 EPS

Controladora Vuela Compania de Aviacion (NYSE:VLRS) announced its quarterly earnings data on Tuesday. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21), FiscalAI reports. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The firm had revenue of $882.00 million during the quarter, compared to the consensus estimate of $845.68 million.

Controladora Vuela Compania de Aviacion Stock Down 7.9%

Shares of VLRS traded down $0.75 during mid-day trading on Wednesday, reaching $8.75. 142,848 shares of the company were exchanged, compared to its average volume of 669,946. The business has a 50 day simple moving average of $9.49 and a two-hundred day simple moving average of $7.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.80.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price target (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 14th. Zacks Research raised shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Barclays lifted their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Bank of America raised their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the fourth quarter worth $28,000. Engineers Gate Manager LP acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth about $137,000. HRT Financial LP acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth about $168,000. Aquatic Capital Management LLC bought a new position in Controladora Vuela Compania de Aviacion in the 3rd quarter valued at about $146,000. Finally, Shay Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $214,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.