Wall Street brokers expect Azul SA (NYSE:AZUL – Get Rating) to report earnings per share (EPS) of ($0.68) for the current quarter, Zacks reports. Four analysts have made estimates of Azul’s earnings, with estimates ranging from ($0.80) to ($0.55). Azul reported earnings per share of ($1.91) in the same quarter last year, suggesting a positive year-over-year growth rate of 64.4%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Azul to report full year earnings of ($2.06) per share for the current year, with EPS estimates ranging from ($2.20) to ($1.00) per share. $.91). For next year, analysts expect the company to post earnings of ($1.16) per share, with EPS estimates ranging from ($4.64) to $0.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Azul.
AZUL has been the subject of several recent research reports. Zacks Investment Research downgraded Azul from a “hold” rating to a “sell” rating and set a price target of $14.00 for the company. in a report on Wednesday, April 27. Raymond James lowered his price target on Azul from $25.00 to $22.00 and set an “outperform” rating on the stock in a Monday, April 25 research note. Seaport Res Ptn upgraded Azul from a “neutral” rating to a “buy” rating in a Tuesday, April 26 research note. Finally, Barclays lowered its price target on Azul from $19.00 to $17.00 in a Tuesday, May 10 research note. Two investment analysts gave the stock a sell rating and six gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $29.11.
NYSE AZUL opened at $11.52 on Friday. Azul has a 12-month low of $10.40 and a 12-month high of $29.45. The stock has a market capitalization of $4.85 billion, a PE ratio of 14.22 and a beta of 1.19. The stock has a 50-day simple moving average of $13.69 and a 200-day simple moving average of $13.91.
A number of institutional investors and hedge funds have recently changed their positions in AZUL. Morgan Stanley increased its position in Azul by 169.5% in the second quarter. Morgan Stanley now owns 103,495 shares of the company valued at $2,733,000 after buying an additional 65,091 shares in the last quarter. Advisor Group Holdings Inc. increased its position in Azul by 69.2% in Q3. Advisor Group Holdings Inc. now owns 2,563 shares of the company valued at $52,000 after purchasing an additional 1,048 shares in the last quarter. Allianz Asset Management GmbH bought a new position in Azul in Q3 worth $248,000. American Century Companies Inc. increased its position in Azul by 8.6% in the third quarter. American Century Companies Inc. now owns 11,681 shares of the company valued at $234,000 after purchasing an additional 921 shares in the last quarter. Finally, Hood River Capital Management LLC strengthened its position in Azul by 111.7% in the third quarter. Hood River Capital Management LLC now owns 1,485,222 shares of the company valued at $29,794,000 after purchasing an additional 783,816 shares in the last quarter. Hedge funds and other institutional investors own 1.60% of the company’s shares.
About Azul (Get a rating)
Azul SA, together with its subsidiaries, provides passenger and cargo air transport 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 business of loyalty programs, travel packages, investment funds and aircraft financing.
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