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

Controladora Vuela Compania de Aviacion (NYSE:VLRS) issued its quarterly earnings results 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. The business had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $845.68 million. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%.

Controladora Vuela Compania de Aviacion Stock Performance

NYSE:VLRS traded up $0.10 during trading hours on Tuesday, reaching $9.45. The company had a trading volume of 1,318,142 shares, compared to its average volume of 685,526. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -17.49 and a beta of 1.88. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The firm’s 50 day moving average price is $9.45 and its 200-day moving average price is $7.64. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $28,000. Engineers Gate Manager LP purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $137,000. Aquatic Capital Management LLC bought a new position in Controladora Vuela Compania de Aviacion in the third quarter worth approximately $146,000. HRT Financial LP bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter worth approximately $168,000. Finally, Shay Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth $214,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on VLRS. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. reaffirmed 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 report on Wednesday, January 14th. Bank of America increased their price objective 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. Barclays lifted their target price on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.02.

About Controladora Vuela Compania de Aviacion

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.