Wall Street analysts expect LATAM Airlines Group SA (NYSE:LTM) to announce earnings per share (EPS) of $0.14 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for LATAM Airlines Group’s earnings, with estimates ranging from $0.10 to $0.16. LATAM Airlines Group reported earnings per share of $0.26 during the same quarter last year, which would suggest a negative year-over-year growth rate of 46.2%. The firm is expected to report its next quarterly earnings results on Thursday, November 15th.

According to Zacks, analysts expect that LATAM Airlines Group will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.54. For the next financial year, analysts expect that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.52 to $1.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for LATAM Airlines Group.

LATAM Airlines Group (NYSE:LTM) last released its quarterly earnings results on Monday, August 20th. The transportation company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.06). LATAM Airlines Group had a net margin of 2.27% and a return on equity of 5.45%. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.46 billion.

A number of equities analysts have recently weighed in on LTM shares. ValuEngine cut shares of LATAM Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 22nd. Zacks Investment Research lowered shares of LATAM Airlines Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Goldman Sachs Group began coverage on shares of LATAM Airlines Group in a report on Monday, July 16th. They issued a “neutral” rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. LATAM Airlines Group currently has an average rating of “Sell” and an average target price of $15.00.

Shares of LTM opened at $8.91 on Friday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 34.27 and a beta of 1.95. LATAM Airlines Group has a 1 year low of $8.41 and a 1 year high of $17.39.

A number of hedge funds have recently bought and sold shares of LTM. Millennium Management LLC lifted its stake in LATAM Airlines Group by 192.0% in the first quarter. Millennium Management LLC now owns 670,405 shares of the transportation company’s stock valued at $10,318,000 after buying an additional 440,816 shares during the last quarter. BlackRock Inc. grew its holdings in LATAM Airlines Group by 7.3% during the first quarter. BlackRock Inc. now owns 2,317,232 shares of the transportation company’s stock worth $35,662,000 after acquiring an additional 156,994 shares during the period. Standard Life Aberdeen plc grew its holdings in LATAM Airlines Group by 144.6% during the second quarter. Standard Life Aberdeen plc now owns 222,300 shares of the transportation company’s stock worth $2,199,000 after acquiring an additional 131,400 shares during the period. Jane Street Group LLC acquired a new position in LATAM Airlines Group during the second quarter worth about $842,000. Finally, JPMorgan Chase & Co. grew its holdings in LATAM Airlines Group by 3,248.0% during the first quarter. JPMorgan Chase & Co. now owns 73,656 shares of the transportation company’s stock worth $1,134,000 after acquiring an additional 71,456 shares during the period. Institutional investors own 2.40% of the company’s stock.

About LATAM Airlines Group

LATAM Airlines Group SA, together with its subsidiaries, provides passenger and cargo air transportation services in Peru, Argentina, the United States, Colombia, Brazil, Ecuador, Chile, rest of Latin America, Europe, and the Asia Pacific. The company operates in two segments, Air Transportation; and Coalition and Loyalty Program Multiplus.

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