Grupo Aeromexico (NYSE:AERO) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Grupo Aeromexico (NYSE:AERO) announced its quarterly earnings data on Monday. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01), Zacks reports. The company had revenue of $1.62 billion for the quarter. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.

Grupo Aeromexico Stock Performance

Shares of AERO opened at $15.88 on Tuesday. The company has a 50 day moving average of $15.43 and a two-hundred day moving average of $15.84. Grupo Aeromexico has a twelve month low of $12.26 and a twelve month high of $23.05.

Wall Street Analysts Forecast Growth

AERO has been the topic of a number of recent research reports. Zacks Research downgraded Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Aeromexico in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.06.

Insider Activity at Grupo Aeromexico

In other news, insider Aaron Murray sold 355,600 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total transaction of $561,848.00. Following the transaction, the insider owned 1,262,530 shares in the company, valued at $1,994,797.40. This trade represents a 21.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.