Zacks: Brokerages Anticipate Controladora Vuela Co Avcn SA CV (NYSE:VLRS) to Post $0.29 EPS

Brokerages forecast that Controladora Vuela Co Avcn SA CV (NYSE:VLRS) will post $0.29 earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Controladora Vuela Co Avcn SA CV’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.16. Controladora Vuela Co Avcn SA CV posted earnings of $0.26 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The company is scheduled to issue its next quarterly earnings report on Friday, February 28th.

On average, analysts expect that Controladora Vuela Co Avcn SA CV will report full-year earnings of $1.14 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $1.06 per share, with EPS estimates ranging from $0.95 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Controladora Vuela Co Avcn SA CV.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Controladora Vuela Co Avcn SA CV had a return on equity of 35.11% and a net margin of 5.61%. The company had revenue of $484.00 million during the quarter, compared to analysts’ expectations of $457.00 million.

VLRS has been the subject of several analyst reports. ValuEngine lowered Controladora Vuela Co Avcn SA CV from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Saturday, October 12th. TheStreet upgraded Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c” rating in a research note on Monday, October 28th. Citigroup set a $12.00 target price on Controladora Vuela Co Avcn SA CV and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Barclays upgraded Controladora Vuela Co Avcn SA CV from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Controladora Vuela Co Avcn SA CV has an average rating of “Buy” and a consensus price target of $10.84.

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Shares of NYSE VLRS traded down $0.22 during trading on Tuesday, reaching $11.08. The company had a trading volume of 138,290 shares, compared to its average volume of 283,164. Controladora Vuela Co Avcn SA CV has a twelve month low of $5.15 and a twelve month high of $11.50. The stock has a market capitalization of $1.14 billion, a PE ratio of -31.66 and a beta of 1.28. The stock has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $9.74. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 8.72.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Controladora Vuela Co Avcn SA CV by 566.2% in the second quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock worth $37,000 after buying an additional 3,352 shares during the period. Aperio Group LLC purchased a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $44,000. Russell Investments Group Ltd. purchased a new position in Controladora Vuela Co Avcn SA CV in the third quarter valued at about $47,000. Advisors Preferred LLC purchased a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $50,000. Finally, Wealthstreet Investment Advisors LLC purchased a new position in Controladora Vuela Co Avcn SA CV in the third quarter valued at about $109,000.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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