Grupo Aeromexico (NYSE:AERO) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Grupo Aeromexico (NYSE:AERO) posted its earnings results on Monday. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Grupo Aeromexico had a negative return on equity of 25.10% and a net margin of 3.78%.

Grupo Aeromexico Stock Down 0.6%

AERO traded down $0.10 during trading on Monday, hitting $15.88. The company’s stock had a trading volume of 1,263,497 shares, compared to its average volume of 368,260. The stock has a market capitalization of $2.17 billion and a price-to-earnings ratio of 37.81. The firm’s 50 day moving average price is $15.42 and its two-hundred day moving average price is $15.83. Grupo Aeromexico has a 12 month low of $12.26 and a 12 month high of $23.05.

Wall Street Analyst Weigh In

AERO has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Zacks Research cut shares of Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grupo Aeromexico in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Grupo Aeromexico has an average rating of “Moderate Buy” and an average target price of $28.06.

Insider Buying and Selling at Grupo Aeromexico

In other news, insider Aaron Murray sold 355,600 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the sale, the insider directly owned 1,262,530 shares in the company, valued at approximately $1,994,797.40. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.