Controladora Vuela Co Avcn SA CV to Post FY2017 Earnings of ($0.39) Per Share, Imperial Capital Forecasts (VLRS)

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) – Imperial Capital increased their FY2017 earnings per share estimates for shares of Controladora Vuela Co Avcn SA CV in a research report issued on Wednesday. Imperial Capital analyst M. Derchin now forecasts that the transportation company will post earnings per share of ($0.39) for the year, up from their previous estimate of ($0.44). Imperial Capital currently has a “Outperform” rating and a $12.00 target price on the stock. Imperial Capital also issued estimates for Controladora Vuela Co Avcn SA CV’s Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.02) EPS, Q3 2018 earnings at $0.42 EPS, FY2018 earnings at $0.65 EPS and FY2019 earnings at $1.00 EPS.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $409.00 million. Controladora Vuela Co Avcn SA CV had a negative return on equity of 2.76% and a negative net margin of 1.07%.

A number of other research firms also recently commented on VLRS. Zacks Investment Research downgraded Controladora Vuela Co Avcn SA CV from a “hold” rating to a “strong sell” rating in a report on Thursday, September 21st. Cowen reissued a “buy” rating and issued a $11.00 target price on shares of Controladora Vuela Co Avcn SA CV in a research note on Tuesday, January 9th. Barclays set a $15.00 target price on Controladora Vuela Co Avcn SA CV and gave the company a “buy” rating in a research note on Wednesday, October 11th. Finally, Santander cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.92.

Controladora Vuela Co Avcn SA CV (VLRS) traded down $0.18 during midday trading on Friday, reaching $8.42. The company had a trading volume of 514,800 shares, compared to its average volume of 942,942. The company has a market capitalization of $745.10, a P/E ratio of -93.56 and a beta of -0.11. Controladora Vuela Co Avcn SA CV has a fifty-two week low of $7.71 and a fifty-two week high of $16.00.

Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in Controladora Vuela Co Avcn SA CV in the third quarter valued at about $154,000. Royal Bank of Canada grew its stake in Controladora Vuela Co Avcn SA CV by 62.8% in the second quarter. Royal Bank of Canada now owns 14,472 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 5,580 shares during the period. Citadel Advisors LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the third quarter valued at about $174,000. Adalta Capital Management LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $251,000. Finally, Dimension Capital Management LLC acquired a new position in Controladora Vuela Co Avcn SA CV in the third quarter valued at about $227,000.

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About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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