-$0.57 Earnings Per Share Expected for Azul S.A. (NYSE:AZUL) This Quarter

Wall Street analysts predict that Azul S.A. (NYSE:AZULGet Rating) will announce ($0.57) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Azul’s earnings, with estimates ranging from ($0.80) to ($0.40). Azul reported earnings of ($1.91) per share in the same quarter last year, which would indicate a positive year over year growth rate of 70.2%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Azul will report full year earnings of ($2.35) per share for the current financial year, with EPS estimates ranging from ($3.15) to ($1.91). For the next financial year, analysts expect that the business will report earnings of ($1.45) per share, with EPS estimates ranging from ($4.64) to $1.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Azul.

Azul (NYSE:AZULGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.05). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.36 billion. The firm’s revenue for the quarter was up 109.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.49) earnings per share.

Several equities research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Azul from $19.00 to $17.00 in a report on Tuesday. Seaport Res Ptn upgraded shares of Azul from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 26th. Raymond James dropped their price target on shares of Azul from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 25th. Finally, Zacks Investment Research cut shares of Azul from a “hold” rating to a “sell” rating and set a $14.00 price target on the stock. in a research report on Wednesday, April 27th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $29.11.

AZUL stock opened at $12.31 on Friday. The company has a market capitalization of $5.18 billion, a P/E ratio of 15.20 and a beta of 1.18. The company has a 50-day simple moving average of $13.69 and a 200 day simple moving average of $14.12. Azul has a fifty-two week low of $10.40 and a fifty-two week high of $29.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Frontier Capital Management Co. LLC raised its holdings in Azul by 74.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,260,801 shares of the company’s stock worth $69,443,000 after buying an additional 2,253,486 shares during the period. Oaktree Capital Management LP raised its holdings in Azul by 33.1% during the 4th quarter. Oaktree Capital Management LP now owns 2,794,724 shares of the company’s stock worth $36,890,000 after buying an additional 695,200 shares during the period. Pendal Group Ltd raised its holdings in Azul by 83.0% during the 4th quarter. Pendal Group Ltd now owns 2,751,777 shares of the company’s stock worth $36,324,000 after buying an additional 1,248,194 shares during the period. Russell Investments Group Ltd. raised its holdings in Azul by 33.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,054,248 shares of the company’s stock worth $27,113,000 after buying an additional 515,925 shares during the period. Finally, Hood River Capital Management LLC raised its holdings in Azul by 111.7% during the 3rd quarter. Hood River Capital Management LLC now owns 1,485,222 shares of the company’s stock worth $29,794,000 after buying an additional 783,816 shares during the period. Hedge funds and other institutional investors own 1.60% of the company’s stock.

Azul Company Profile (Get Rating)

Azul SA, together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2020, it operated 700 daily departures to 112 destinations through a network of 203 non-stop routes with a fleet of 162 aircraft. The company is also involved in the loyalty programs, package holidays, investment fund, and aircraft financing activities.

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