Controladora Vuela Compania de Aviacion (NYSE:VLRS) Issues Quarterly Earnings Results

Controladora Vuela Compania de Aviacion (NYSE:VLRS) released its earnings results on Monday. The transportation company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.18), Zacks reports. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%.

Controladora Vuela Compania de Aviacion Price Performance

Shares of Controladora Vuela Compania de Aviacion stock traded down $0.12 during trading on Monday, reaching $5.57. 526,016 shares of the company’s stock were exchanged, compared to its average volume of 623,627. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. Controladora Vuela Compania de Aviacion has a 1-year low of $5.45 and a 1-year high of $10.80. The company has a market cap of $648.88 million, a P/E ratio of -3.39 and a beta of 1.81. The firm’s 50-day moving average price is $6.55 and its 200 day moving average price is $7.80.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLRS. The Goldman Sachs Group dropped their price target on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings cut shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. Finally, UBS Group boosted their target price on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.40.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.