Controladora Vuela Compañía de Aviación (NYSE:VLRS) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Controladora Vuela Compañía de Aviación (NYSE:VLRS) issued its quarterly earnings data on Wednesday. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13, Zacks reports. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $813.00 million for the quarter, compared to the consensus estimate of $795.89 million. During the same quarter last year, the business posted ($0.33) EPS.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $7.06 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $823.18 million, a P/E ratio of 7.28 and a beta of 2.46. The firm’s fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $6.81. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VLRS. Barclays reaffirmed an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, TD Cowen boosted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $13.02.

About Controladora Vuela Compañía de Aviación

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.