LATAM Airlines Group (LTM) to Release Quarterly Earnings on Friday

LATAM Airlines Group (NYSE:LTM) is anticipated to release its results before the market opens on Friday, January 30th. Analysts expect LATAM Airlines Group to post earnings of $1.35 per share and revenue of $3.8077 billion for the quarter.

LATAM Airlines Group Trading Up 1.1%

NYSE:LTM opened at $62.38 on Friday. The stock has a market capitalization of $18.85 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.43 and a beta of 3.88. LATAM Airlines Group has a 1 year low of $26.36 and a 1 year high of $63.39. The firm has a 50 day moving average of $52.97 and a 200-day moving average of $47.66.

Hedge Funds Weigh In On LATAM Airlines Group

Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in LATAM Airlines Group in the first quarter worth about $3,061,000. Goldman Sachs Group Inc. lifted its position in LATAM Airlines Group by 133.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,258 shares of the transportation company’s stock valued at $1,259,000 after purchasing an additional 23,044 shares during the period. Rhumbline Advisers boosted its stake in shares of LATAM Airlines Group by 113.8% in the 1st quarter. Rhumbline Advisers now owns 3,194 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 1,700 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of LATAM Airlines Group during the 2nd quarter worth approximately $402,000. Finally, First Trust Advisors LP grew its position in shares of LATAM Airlines Group by 149.1% during the 2nd quarter. First Trust Advisors LP now owns 69,108 shares of the transportation company’s stock worth $2,809,000 after buying an additional 41,363 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LTM shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $58.50 price target on shares of LATAM Airlines Group in a report on Friday, December 5th. Barclays set a $60.00 target price on LATAM Airlines Group and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Zacks Research raised LATAM Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Wall Street Zen upgraded shares of LATAM Airlines Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LATAM Airlines Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $59.25.

LATAM Airlines Group Company Profile

LATAM Airlines Group SA is a Chilean-based airline holding company formed in 2012 through the merger of LAN Airlines of Chile and TAM Linhas Aéreas of Brazil. The Group offers passenger and cargo air transportation services across South America and beyond, operating under a multi‐brand strategy that encompasses several nationally recognized carriers. Headquartered in Santiago, Chile, LATAM is structured to serve diverse market segments with full-service, premium and low‐cost offerings.

The core business activities of LATAM Airlines Group include scheduled domestic and international passenger flights, air cargo services and maintenance, repair and overhaul (MRO) capabilities through its technical divisions.