Brokers Set Expectations for Virgin America Inc’s Q3 2016 Earnings (VA)

Virgin America Inc (NYSE:VA) – Imperial Capital issued their Q3 2016 earnings per share (EPS) estimates for Virgin America in a report issued on Friday. Imperial Capital analyst M. Derchin expects that the firm will post earnings per share of $1.01 for the quarter. Imperial Capital has a “In-Line” rating and a $57.00 price target on the stock. Imperial Capital also issued estimates for Virgin America’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.21 EPS, Q2 2017 earnings at $0.81 EPS, Q3 2017 earnings at $0.97 EPS, Q4 2017 earnings at $0.61 EPS, FY2017 earnings at $2.60 EPS and FY2019 earnings at $1.28 EPS.

A number of other brokerages also recently weighed in on VA. Morgan Stanley reaffirmed a “hold” rating and issued a $57.00 target price on shares of Virgin America in a research note on Sunday, August 21st. Zacks Investment Research downgraded shares of Virgin America from a “hold” rating to a “sell” rating in a research note on Thursday, July 7th. Credit Suisse Group AG set a $57.00 target price on shares of Virgin America and gave the company a “hold” rating in a research note on Monday, September 12th. Finally, Vetr raised shares of Virgin America from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.00.

Virgin America (NYSE:VA) opened at 53.30 on Monday. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54. The company’s 50 day moving average is $55.68 and its 200-day moving average is $53.37. The firm has a market cap of $2.38 billion and a P/E ratio of 7.47.

A hedge fund recently raised its stake in Virgin America stock. Royal Bank of Canada increased its position in shares of Virgin America Inc (NYSE:VA) by 5,203.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,995 shares of the company’s stock after buying an additional 115,770 shares during the period. Royal Bank of Canada owned 0.26% of Virgin America worth $6,633,000 at the end of the most recent reporting period.

About Virgin America

Virgin America Inc is an airline that provides scheduled air travel in the United States and Mexico. The Company operates in air transportation service segment. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Company provides service to over 20 airports in the United States and Mexico with a fleet of over 60 narrow-body aircraft.

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