LATAM Airlines Group SA (LTM) Expected to Post Earnings of $0.22 Per Share

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

On average, 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 financial year, analysts expect that the business will post earnings of $0.64 per share, with EPS estimates ranging from $0.52 to $0.76. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for LATAM Airlines Group.

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

A number of brokerages have issued reports on LTM. Citigroup downgraded LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Bank of America restated a “neutral” rating on shares of LATAM Airlines Group in a research report on Tuesday, October 24th. TheStreet upgraded LATAM Airlines Group from a “d+” rating to a “c” rating in a research report on Thursday, November 16th. Zacks Investment Research downgraded LATAM Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Santander downgraded LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. LATAM Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $12.67.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $279,000. Profund Advisors LLC purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $757,000. Renaissance Technologies LLC purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $31,624,000. Itau Unibanco Holding S.A. purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $10,528,000. Finally, BlackRock Inc. purchased a new stake in shares of LATAM Airlines Group in the fourth quarter worth approximately $30,027,000. Hedge funds and other institutional investors own 3.16% of the company’s stock.

Shares of LATAM Airlines Group (NYSE:LTM) traded up $0.05 during mid-day trading on Wednesday, reaching $15.69. The company’s stock had a trading volume of 64,882 shares, compared to its average volume of 435,572. LATAM Airlines Group has a fifty-two week low of $9.79 and a fifty-two week high of $17.39. The stock has a market capitalization of $9,563.04, a P/E ratio of 65.46 and a beta of 1.73.

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About LATAM Airlines Group

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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