LATAM Airlines Group (NYSE:LTM) Releases Earnings Results, Beats Expectations By $0.21 EPS

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

LATAM Airlines Group Price Performance

LATAM Airlines Group stock traded down $0.80 during trading hours on Tuesday, reaching $43.89. The stock had a trading volume of 644,051 shares, compared to its average volume of 1,028,799. The company has a fifty day simple moving average of $49.54 and a 200-day simple moving average of $52.74. LATAM Airlines Group has a 52 week low of $41.44 and a 52 week high of $70.42. The stock has a market cap of $12.60 billion, a PE ratio of 8.07, a PEG ratio of 1.09 and a beta of 3.64.

Wall Street Analyst Weigh In

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

About LATAM Airlines Group

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.