LATAM Airlines Group (NYSE:LTM) Posts Earnings Results, Beats Expectations By $0.23 EPS

LATAM Airlines Group (NYSE:LTM) posted its earnings results on Tuesday. The transportation company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.23, reports. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.54 billion. LATAM Airlines Group had a return on equity of 101.21% and a net margin of 9.69%.

LATAM Airlines Group Stock Down 1.8%

Shares of NYSE:LTM traded down $0.86 during trading on Thursday, hitting $46.92. The stock had a trading volume of 733,253 shares, compared to its average volume of 1,030,168. LATAM Airlines Group has a 12 month low of $41.44 and a 12 month high of $70.42. The company has a market capitalization of $13.47 billion, a PE ratio of 8.62, a PEG ratio of 1.09 and a beta of 3.87. The firm’s fifty day moving average is $49.39 and its 200 day moving average is $52.68.

Analyst Upgrades and Downgrades

LTM has been the topic of several recent analyst reports. Wall Street Zen cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 26th. Finally, Zacks Research cut shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.27.

About LATAM Airlines Group

LATAM Airlines Group SA is a Chile-based airline holding company and one of the largest air transportation groups in Latin America. The group provides scheduled passenger and cargo services through affiliated airlines operating under the LATAM brand, connecting major cities within Latin America and serving destinations in North America, Europe, the Caribbean, Africa and Oceania.

Its passenger business includes domestic and international flights, while its cargo operations transport freight using dedicated aircraft and cargo capacity on passenger flights.