$0.22 EPS Expected for LATAM Airlines Group SA (LTM) This Quarter

Equities research analysts forecast that LATAM Airlines Group SA (NYSE:LTM) will report $0.22 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for LATAM Airlines Group’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.19. LATAM Airlines Group posted earnings per share of $0.10 during the same quarter last year, which would suggest a positive year-over-year growth rate of 120%. The business is expected to announce its next earnings report on Wednesday, March 21st.

According to Zacks, analysts expect that LATAM Airlines Group will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.34 to $0.36. For the next year, analysts expect that the company will post earnings of $0.64 per share, with EPS estimates ranging from $0.52 to $0.76. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for LATAM Airlines Group.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Thursday, November 16th. The transportation company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.62 billion. LATAM Airlines Group had a net margin of 1.51% and a return on equity of 3.36%.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of LATAM Airlines Group from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Tuesday, December 26th. Santander cut shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet upgraded shares of LATAM Airlines Group from a “d+” rating to a “c” rating in a report on Thursday, November 16th. Finally, Bank of America restated a “neutral” rating on shares of LATAM Airlines Group in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in LATAM Airlines Group by 37.9% during the second quarter. Renaissance Technologies LLC now owns 2,448,995 shares of the transportation company’s stock worth $27,110,000 after purchasing an additional 673,500 shares during the last quarter. State Street Corp boosted its holdings in LATAM Airlines Group by 1.5% during the second quarter. State Street Corp now owns 901,809 shares of the transportation company’s stock worth $9,984,000 after purchasing an additional 12,941 shares during the last quarter. Vanguard Group Inc. boosted its holdings in LATAM Airlines Group by 173.6% during the second quarter. Vanguard Group Inc. now owns 538,560 shares of the transportation company’s stock worth $5,962,000 after purchasing an additional 341,742 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in LATAM Airlines Group by 51.2% during the third quarter. Dorsey Wright & Associates now owns 425,309 shares of the transportation company’s stock worth $5,746,000 after purchasing an additional 143,997 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in LATAM Airlines Group during the fourth quarter worth $5,538,000. Institutional investors and hedge funds own 3.10% of the company’s stock.

LATAM Airlines Group (NYSE LTM) traded up $0.11 during trading on Friday, hitting $17.08. 402,575 shares of the stock traded hands, compared to its average volume of 430,094. LATAM Airlines Group has a 12 month low of $8.95 and a 12 month high of $17.13. The firm has a market capitalization of $10,300.00, a PE ratio of 71.17 and a beta of 1.55.

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LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.

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