LATAM Airlines Group (NYSE:LTM) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

LATAM Airlines Group (NYSE:LTM) announced its quarterly earnings results on Tuesday. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.23, reports. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.54 billion.

LATAM Airlines Group Stock Up 8.1%

NYSE:LTM opened at $47.66 on Thursday. LATAM Airlines Group has a twelve month low of $41.44 and a twelve month high of $70.42. The company has a fifty day moving average of $49.39 and a 200-day moving average of $52.68. The firm has a market capitalization of $13.68 billion, a P/E ratio of 7.90, a P/E/G ratio of 1.09 and a beta of 3.87.

Analyst Ratings Changes

Several analysts have recently weighed in on LTM shares. Wall Street Zen cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research downgraded LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 26th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.27.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.