Grupo Aeromexico (NYSE:AERO) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Grupo Aeromexico (NYSE:AERO) posted its quarterly earnings data on Monday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. Grupo Aeromexico had a net margin of 3.78% and a negative return on equity of 25.10%. The business had revenue of $1.62 billion during the quarter.

Grupo Aeromexico Stock Down 0.6%

NYSE:AERO opened at $15.88 on Tuesday. The company has a 50-day moving average of $15.43 and a 200-day moving average of $15.84. Grupo Aeromexico has a 52 week low of $12.26 and a 52 week high of $23.05.

Insiders Place Their Bets

In related news, insider Aaron Murray sold 355,600 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $1.58, for a total value of $561,848.00. Following the completion of the transaction, the insider owned 1,262,530 shares of the company’s stock, valued at $1,994,797.40. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analyst Weigh In

AERO has been the topic of several research reports. Wall Street Zen lowered Grupo Aeromexico from a “buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grupo Aeromexico in a research report on Thursday. Finally, Zacks Research downgraded Grupo Aeromexico from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.06.

Grupo Aeromexico Company Profile

Grupo Aeroméxico, SAB. de C.V. is a Mexico-based airline holding company and the parent of Aeroméxico, one of Mexico’s principal air carriers. The company provides scheduled passenger transportation, air cargo services and related aviation offerings, serving destinations within Mexico and international markets.

Aeroméxico operates a network connecting Mexico with the United States, Canada, Central and South America, Europe and other selected international destinations. Its services are supported by regional operations, including Aeroméxico Connect, and the company is a member of the SkyTeam airline alliance, providing customers with access to a broader global network through partner carriers.

Founded in 1934, Aeroméxico is headquartered in Mexico City and operates its principal hub at Mexico City International Airport, with additional focus cities and operating bases across Mexico.