LATAM Airlines Group (LTM) to Release Quarterly Earnings on Friday

LATAM Airlines Group (NYSE:LTM) is expected to post its results before the market opens on Friday, January 30th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $3.8077 billion for the quarter.

LATAM Airlines Group Stock Performance

Shares of LTM opened at $66.10 on Thursday. LATAM Airlines Group has a 52 week low of $26.36 and a 52 week high of $67.44. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.47 and a beta of 3.88. The stock has a fifty day moving average of $54.52 and a 200-day moving average of $48.36.

Institutional Investors Weigh In On LATAM Airlines Group

Several large investors have recently modified their holdings of LTM. Rhumbline Advisers lifted its holdings in LATAM Airlines Group by 37.6% in the third quarter. Rhumbline Advisers now owns 4,394 shares of the transportation company’s stock valued at $199,000 after buying an additional 1,200 shares during the period. Engineers Gate Manager LP grew its holdings in LATAM Airlines Group by 12.6% during the 2nd quarter. Engineers Gate Manager LP now owns 18,668 shares of the transportation company’s stock worth $759,000 after acquiring an additional 2,082 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of LATAM Airlines Group in the 2nd quarter worth about $90,000. Lazard Asset Management LLC raised its position in shares of LATAM Airlines Group by 21.4% in the 3rd quarter. Lazard Asset Management LLC now owns 14,971 shares of the transportation company’s stock worth $677,000 after acquiring an additional 2,644 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of LATAM Airlines Group by 7.1% in the 3rd quarter. First Trust Advisors LP now owns 73,998 shares of the transportation company’s stock valued at $3,348,000 after purchasing an additional 4,890 shares during the period.

Analyst Ratings Changes

Several equities analysts have commented on LTM shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $58.50 target price on shares of LATAM Airlines Group in a research report on Friday, December 5th. Barclays set a $60.00 price objective on shares of LATAM Airlines Group and gave the company an “overweight” rating in a report on Wednesday, November 19th. Wall Street Zen raised shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Zacks Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LATAM Airlines Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, LATAM Airlines Group currently has an average rating of “Buy” and an average price target of $59.25.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.