LATAM Airlines Group (NYSE:LTM) Issues Earnings Results

by · The Cerbat Gem

LATAM Airlines Group (NYSE:LTM – Get Free Report) released its earnings results on Tuesday. The transportation company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21, FiscalAI reports. LATAM Airlines Group had a net margin of 9.69% and a return on equity of 101.21%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.53 billion.

LATAM Airlines Group Stock Performance

Shares of NYSE:LTM traded down $0.80 during midday trading on Tuesday, reaching $43.89. The company’s stock had a trading volume of 644,051 shares, compared to its average volume of 1,028,799. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.09 and a beta of 3.64. The firm has a 50 day moving average price of $49.54 and a two-hundred day moving average price of $52.74. LATAM Airlines Group has a fifty-two week low of $41.44 and a fifty-two week high of $70.42.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on LTM

About LATAM Airlines Group

(Get Free Report)

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.

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