LATAM Airlines Group (NYSE:LTM) Announces Quarterly Earnings Results

LATAM Airlines Group (NYSE:LTM) posted its quarterly earnings data on Tuesday. The transportation company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.21 by $0.23, reports. LATAM Airlines Group had a net margin of 9.65% and a return on equity of 87.90%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.54 billion.

LATAM Airlines Group Stock Up 5.9%

LTM stock traded up $2.80 during mid-day trading on Monday, reaching $50.47. The company had a trading volume of 1,469,364 shares, compared to its average volume of 1,037,483. LATAM Airlines Group has a one year low of $41.44 and a one year high of $70.42. The stock’s 50-day simple moving average is $49.21 and its two-hundred day simple moving average is $52.56. The stock has a market capitalization of $14.49 billion, a P/E ratio of 8.89, a P/E/G ratio of 1.16 and a beta of 3.87.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LTM. Wall Street Zen lowered shares of LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research cut LATAM Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings raised shares of LATAM Airlines Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 26th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.27.

LATAM Airlines Group Company Profile

LATAM Airlines Group is a Chile-based airline group that provides passenger and air cargo transportation in Latin America and other international markets. Its passenger operations connect major cities across the region with destinations in North America, Europe and Oceania.

The group operates airlines in several Latin American countries, including Brazil, Chile, Colombia, Ecuador and Peru. Its services include domestic and international passenger flights, along with cargo transportation through its cargo businesses.

LATAM Airlines Group was formed in 2012 through the merger of Chilean airline LAN and Brazilian airline TAM.