Analysts expect LATAM Airlines Group (NYSE:LTM) to report $2.47 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for LATAM Airlines Group’s earnings, with the lowest sales estimate coming in at $2.46 billion and the highest estimate coming in at $2.48 billion. LATAM Airlines Group posted sales of $2.14 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The firm is expected to report its next earnings results on Thursday, August 16th.
According to Zacks, analysts expect that LATAM Airlines Group will report full year sales of $11.12 billion for the current fiscal year, with estimates ranging from $11.06 billion to $11.17 billion. For the next year, analysts expect that the business will post sales of $11.89 billion per share, with estimates ranging from $11.72 billion to $11.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover LATAM Airlines Group.
LATAM Airlines Group (NYSE:LTM) last announced its quarterly earnings results on Wednesday, March 14th. The transportation company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). LATAM Airlines Group had a return on equity of 4.74% and a net margin of 2.05%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.72 billion.
A number of analysts have weighed in on the company. ValuEngine cut LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. JPMorgan Chase cut LATAM Airlines Group from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, March 19th. Citigroup cut LATAM Airlines Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Zacks Investment Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $16.50.
Shares of NYSE:LTM traded down $0.29 on Friday, reaching $13.12. The company had a trading volume of 896,613 shares, compared to its average volume of 742,524. LATAM Airlines Group has a twelve month low of $10.80 and a twelve month high of $17.39. The stock has a market capitalization of $8.13 billion, a P/E ratio of 50.46 and a beta of 1.77.
Institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $165,000. First Trust Advisors LP bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $169,000. Advisor Group Inc. bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $195,000. Saturna Capital CORP bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $236,000. Finally, Atria Investments LLC bought a new position in shares of LATAM Airlines Group in the fourth quarter worth about $243,000. Institutional investors and hedge funds own 3.10% of the company’s stock.
LATAM Airlines Group Company Profile
LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in the Americas, Europe, and Oceania. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus. It provides passenger transport services to approximately 137 destinations in 24 countries and cargo services to approximately 144 destinations in 29 countries with a fleet of 307 aircraft.
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