Equities research analysts forecast that Gol Linhas Aereas Inteligentes SA (NYSE:GOL) will announce sales of $675.57 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gol Linhas Aereas Inteligentes’ earnings, with the highest sales estimate coming in at $692.82 million and the lowest estimate coming in at $658.32 million. Gol Linhas Aereas Inteligentes posted sales of $656.02 million in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The company is expected to announce its next earnings report on Thursday, August 1st.
On average, analysts expect that Gol Linhas Aereas Inteligentes will report full-year sales of $3.35 billion for the current fiscal year, with estimates ranging from $3.17 billion to $3.45 billion. For the next year, analysts expect that the business will report sales of $3.80 billion, with estimates ranging from $3.54 billion to $3.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Gol Linhas Aereas Inteligentes.
Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its earnings results on Tuesday, April 30th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.24). The firm had revenue of $851.99 million during the quarter, compared to the consensus estimate of $841.76 million.
Several equities analysts have recently issued reports on GOL shares. ValuEngine lowered Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley raised Gol Linhas Aereas Inteligentes from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.50 to $18.00 in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $12.40.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new position in Gol Linhas Aereas Inteligentes in the first quarter valued at about $63,000. Jane Street Group LLC lifted its stake in Gol Linhas Aereas Inteligentes by 7.2% in the fourth quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock valued at $150,000 after buying an additional 779 shares during the period. Stevens Capital Management LP acquired a new position in Gol Linhas Aereas Inteligentes in the first quarter valued at about $204,000. Townsquare Capital LLC acquired a new position in Gol Linhas Aereas Inteligentes in the fourth quarter valued at about $292,000. Finally, Two Sigma Investments LP acquired a new position in Gol Linhas Aereas Inteligentes in the fourth quarter valued at about $347,000. 3.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of GOL stock traded up $0.09 during trading hours on Friday, hitting $16.41. 24,426 shares of the company’s stock were exchanged, compared to its average volume of 1,074,908. The company has a 50-day moving average price of $13.86. The firm has a market cap of $2.86 billion, a PE ratio of -116.21 and a beta of -0.39. Gol Linhas Aereas Inteligentes has a 52 week low of $4.43 and a 52 week high of $17.81.
The company also recently declared a … dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.003 per share. The ex-dividend date is Thursday, June 20th. This is a positive change from Gol Linhas Aereas Inteligentes’s previous … dividend of $0.00.
About Gol Linhas Aereas Inteligentes
GOL Linhas Aéreas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.
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