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

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

Controladora Vuela Compañía de Aviación Trading Up 0.6 %

NYSE VLRS traded up $0.05 during trading on Friday, reaching $7.11. 936,641 shares of the stock traded hands, compared to its average volume of 598,591. The firm has a market cap of $828.43 million, a price-to-earnings ratio of 7.31 and a beta of 2.46. The stock’s 50-day moving average price is $6.28 and its 200 day moving average price is $6.81. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67.

Wall Street Analysts Forecast Growth

VLRS has been the subject of several analyst reports. Barclays reiterated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, TD Cowen lifted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to 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.