Q3 2019 EPS Estimates for Controladora Vuela Co Avcn SA CV Lifted by Analyst (VLRS)

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) – Equities research analysts at Imperial Capital lifted their Q3 2019 EPS estimates for shares of Controladora Vuela Co Avcn SA CV in a research note issued on Friday, May 3rd. Imperial Capital analyst M. Derchin now expects that the transportation company will earn $0.33 per share for the quarter, up from their previous estimate of $0.32. Imperial Capital currently has a “Outperform” rating and a $13.00 target price on the stock.

VLRS has been the topic of several other research reports. Zacks Investment Research cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. ValuEngine cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. HSBC raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Deutsche Bank raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Finally, Goldman Sachs Group raised Controladora Vuela Co Avcn SA CV from a “sell” rating to a “buy” rating in a report on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.68.

Shares of NYSE VLRS opened at $9.90 on Monday. Controladora Vuela Co Avcn SA CV has a 52 week low of $4.87 and a 52 week high of $9.99. The company has a quick ratio of 0.97, a current ratio of 0.61 and a debt-to-equity ratio of 9.64. The stock has a market capitalization of $946.10 million, a price-to-earnings ratio of -28.29 and a beta of 1.22.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last posted its quarterly earnings results on Friday, February 22nd. The transportation company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.17. Controladora Vuela Co Avcn SA CV had a return on equity of 12.28% and a net margin of 3.32%. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $353.00 million.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. Dimensional Fund Advisors LP raised its stake in shares of Controladora Vuela Co Avcn SA CV by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 778,334 shares of the transportation company’s stock worth $4,165,000 after purchasing an additional 2,215 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Controladora Vuela Co Avcn SA CV in the first quarter worth about $29,000. Nkcfo LLC purchased a new stake in shares of Controladora Vuela Co Avcn SA CV in the first quarter worth about $30,000. Zacks Investment Management purchased a new stake in shares of Controladora Vuela Co Avcn SA CV in the fourth quarter worth about $62,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Controladora Vuela Co Avcn SA CV in the fourth quarter worth about $73,000.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2017, the company operated a fleet of 71 Airbus narrow-body aircraft, which include 12 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 319 daily flight segments on routes that connect 40 cities in Mexico and 27 cities in the United States and Central America.

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