Analysts Anticipate Azul S.A. (NYSE:AZUL) Will Post Earnings of -$1.18 Per Share

Wall Street brokerages expect Azul S.A. (NYSE:AZUL) to announce ($1.18) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Azul’s earnings. The highest EPS estimate is ($0.60) and the lowest is ($1.88). Azul posted earnings of ($1.99) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 40.7%. The company is scheduled to report its next quarterly earnings results on Monday, November 15th.

On average, analysts expect that Azul will report full year earnings of ($4.28) per share for the current year, with EPS estimates ranging from ($4.32) to ($4.25). For the next financial year, analysts expect that the business will report earnings of ($1.38) per share, with EPS estimates ranging from ($2.88) to $0.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Azul.

Azul (NYSE:AZUL) last announced its quarterly earnings data on Wednesday, August 11th. The company reported ($1.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.51) by ($0.40). The firm had revenue of $321.37 million during the quarter, compared to analyst estimates of $302.06 million.

AZUL has been the topic of a number of research analyst reports. Bank of America downgraded Azul from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $15.00 to $20.80 in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on Azul from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, July 15th. Bradesco Corretora upgraded Azul from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Monday, June 7th. Finally, Credit Suisse Group initiated coverage on Azul in a research report on Tuesday, August 31st. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Azul presently has a consensus rating of “Hold” and an average price target of $30.74.

Shares of Azul stock traded down $0.13 during trading hours on Wednesday, hitting $19.99. The company’s stock had a trading volume of 8,051 shares, compared to its average volume of 1,144,839. The company has a market cap of $8.40 billion, a PE ratio of -5.19 and a beta of 1.54. Azul has a 12-month low of $11.16 and a 12-month high of $29.45. The business has a 50 day moving average price of $22.05 and a two-hundred day moving average price of $22.76.

A number of large investors have recently made changes to their positions in the stock. FMR LLC grew its stake in Azul by 29.9% in the second quarter. FMR LLC now owns 4,996,375 shares of the company’s stock worth $131,904,000 after purchasing an additional 1,149,419 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Azul by 85.6% in the second quarter. Frontier Capital Management Co. LLC now owns 4,270,209 shares of the company’s stock worth $112,734,000 after purchasing an additional 1,968,910 shares in the last quarter. Permian Investment Partners LP bought a new position in Azul in the first quarter worth approximately $18,544,000. WCM Investment Management LLC grew its stake in Azul by 19.2% in the first quarter. WCM Investment Management LLC now owns 890,278 shares of the company’s stock worth $17,975,000 after purchasing an additional 143,476 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in Azul by 7,749.4% in the first quarter. Schonfeld Strategic Advisors LLC now owns 769,241 shares of the company’s stock worth $15,531,000 after purchasing an additional 759,441 shares in the last quarter. 1.42% of the stock is currently owned by institutional investors.

Azul Company Profile

Azul SA is a holding company, which engages in the provision of airline passenger and cargo services. The firm’s service features include passenger seat selection, leather seats, individual entertainment screens with free live television at every seat in all E-Jets, extensive legroom with a pitch of 30 inches or more, complimentary beverage and snack services and free bus service to key airports.

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