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

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

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS opened at $7.07 on Thursday. The company has a market capitalization of $824.36 million, a price-to-earnings ratio of 4.26 and a beta of 2.46. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.67. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $6.25 and a 200 day moving average of $6.81.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VLRS shares. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen lifted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Company Profile

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.