Grupo Aeromexico (NYSE:AERO) Releases Earnings Results, Beats Expectations By $998.93 EPS

Grupo Aeromexico (NYSE:AERO) posted its earnings results on Tuesday. The company reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $998.93, Zacks reports.

Grupo Aeromexico Stock Performance

AERO stock opened at $15.76 on Thursday. The firm has a market capitalization of $2.15 billion and a P/E ratio of 21.01. The company has a 50-day moving average of $16.04. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Analyst Ratings Changes

A number of research analysts recently commented on AERO shares. Barclays dropped their price target on Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. JPMorgan Chase & Co. dropped their price target on Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group raised Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings started coverage on Grupo Aeromexico in a research note on Tuesday, February 3rd. They issued a “hold (c)” rating for the company. Finally, Wall Street Zen downgraded Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in Grupo Aeromexico in the fourth quarter valued at about $8,887,000. Norges Bank bought a new position in Grupo Aeromexico in the fourth quarter valued at about $8,784,000. Millennium Management LLC bought a new position in Grupo Aeromexico in the fourth quarter valued at about $8,579,000. Ghisallo Capital Management LLC bought a new position in Grupo Aeromexico in the fourth quarter valued at about $4,941,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Grupo Aeromexico in the fourth quarter valued at about $4,682,000.

Grupo Aeromexico Company Profile

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.