Equities research analysts expect LATAM Airlines Group S.A. (NYSE:LTM) to post earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for LATAM Airlines Group’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.14. LATAM Airlines Group reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 850%. The firm is expected to announce its next earnings report on Thursday, November 9th.
On average, analysts expect that LATAM Airlines Group will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.38. For the next year, analysts forecast that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.43 to $0.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow LATAM Airlines Group.
Several research analysts have issued reports on LTM shares. Zacks Investment Research lowered shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. TheStreet cut shares of LATAM Airlines Group from a “c-” rating to a “d+” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $10.67.
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LATAM Airlines Group (LTM) traded down 0.71% during midday trading on Wednesday, reaching $13.93. The company had a trading volume of 408,056 shares. LATAM Airlines Group has a 52-week low of $8.07 and a 52-week high of $15.06. The company’s 50 day moving average is $13.28 and its 200-day moving average is $12.35. The company’s market capitalization is $8.45 billion.
LATAM Airlines Group Company Profile
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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