Gol Linhas Aereas Inteligentes (NYSE:GOL) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $-1.45–1.4 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.21. Gol Linhas Aereas Inteligentes also updated its FY 2019 guidance to $0.80-0.20 EPS.
NYSE GOL traded up $0.45 on Friday, reaching $10.85. The company had a trading volume of 1,201,443 shares, compared to its average volume of 1,466,480. The firm has a market cap of $1.72 billion, a PE ratio of 40.19 and a beta of 0.36. Gol Linhas Aereas Inteligentes has a 1-year low of $4.43 and a 1-year high of $14.48.
Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.18). The company had revenue of $656.02 million during the quarter. Gol Linhas Aereas Inteligentes had a negative return on equity of 12.57% and a negative net margin of 6.53%. Analysts expect that Gol Linhas Aereas Inteligentes will post -1.23 earnings per share for the current fiscal year.
GOL has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Gol Linhas Aereas Inteligentes from a hold rating to a sell rating in a research note on Wednesday, July 11th. ValuEngine downgraded shares of Gol Linhas Aereas Inteligentes from a sell rating to a strong sell rating in a research note on Wednesday, July 11th. Goldman Sachs Group initiated coverage on shares of Gol Linhas Aereas Inteligentes in a research note on Monday, July 16th. They set a neutral rating and a $6.02 price objective for the company. Finally, Citigroup upgraded shares of Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $10.00 price objective for the company in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Gol Linhas Aereas Inteligentes presently has an average rating of Buy and a consensus target price of $9.13.
About Gol Linhas Aereas Inteligentes
GOL Linhas Aéreas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles.
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