Wall Street analysts predict that Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) will report earnings per share (EPS) of ($0.60) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Gol Linhas Aereas Inteligentes’ earnings. Gol Linhas Aereas Inteligentes posted earnings of $0.49 per share during the same quarter last year, which suggests a negative year over year growth rate of 222.4%. The company is expected to announce its next quarterly earnings results on Monday, August 21st.

On average, analysts expect that Gol Linhas Aereas Inteligentes will report full-year earnings of $0.13 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $0.80 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Gol Linhas Aereas Inteligentes.

GOL has been the subject of a number of recent research reports. HSBC Holdings plc upgraded Gol Linhas Aereas Inteligentes from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 5th. Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Bank of America Corporation upgraded Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 5th. Citigroup Inc. downgraded Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a research report on Thursday, May 18th. Finally, ValuEngine downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.63.

Gol Linhas Aereas Inteligentes (GOL) traded down 3.04% during trading on Wednesday, reaching $14.02. The company’s stock had a trading volume of 306,543 shares. Gol Linhas Aereas Inteligentes has a 52 week low of $5.77 and a 52 week high of $17.96. The firm has a 50-day moving average price of $12.66 and a 200-day moving average price of $12.99. The firm has a market capitalization of $971.15 million, a P/E ratio of 10.09 and a beta of 2.01.

Hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. bought a new position in Gol Linhas Aereas Inteligentes during the first quarter worth $331,000. Fox Run Management L.L.C. bought a new position in Gol Linhas Aereas Inteligentes during the second quarter worth $194,000. Dynamic Technology Lab Private Ltd increased its position in Gol Linhas Aereas Inteligentes by 82.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 29,361 shares of the transportation company’s stock worth $778,000 after buying an additional 13,306 shares during the period. SG Americas Securities LLC bought a new position in Gol Linhas Aereas Inteligentes during the first quarter worth $110,000. Finally, Rubric Capital Management LP increased its position in Gol Linhas Aereas Inteligentes by 154.0% in the first quarter. Rubric Capital Management LP now owns 196,721 shares of the transportation company’s stock worth $5,213,000 after buying an additional 119,275 shares during the period. 0.09% of the stock is currently owned by institutional investors.

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About Gol Linhas Aereas Inteligentes

Gol Linhas Aereas Inteligentes SA (GOL) is an airline company. The Company is engaged in providing mobile geolocation services to its passengers and designing a Website featuring accessibility resources to assist people with visual and motor impairments. The Company operates through two segments: Air transportation and Loyalty program.

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