– $0.57 earnings per share expected for Azul SA (NYSE:AZUL) this quarter


Wall Street analysts predict Azul SA (NYSE:AZUL – Get Rating) will report ($0.57) earnings per share (EPS) for the current quarter, according to Zacks. Four analysts provided earnings estimates for Azul, 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 growth rate of 70.2% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Azul to report full year earnings of ($2.35) per share for the current fiscal year, with EPS estimates ranging from ($3.15) to ($1 $.91). For the next fiscal year, analysts expect the company to post 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 who follow Azul.

Azul (NYSE:AZUL – Get Rating) last released its quarterly earnings data on Thursday, February 24. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.05). The company posted revenue of $3.73 billion for the quarter, versus analyst estimates of $3.36 billion. The company’s revenue for the quarter increased 109.1% year over year. During the same period of the previous year, the company made ($1.49) earnings per share.

Several equity research analysts have recently weighed in on the stock. Barclays cut its price target on Azul shares from $19.00 to $17.00 in a report on Tuesday. Seaport Res Ptn upgraded Azul’s shares from a “neutral” rating to a “buy” rating in a Tuesday, April 26 research report. Raymond James lowered his price target on Azul shares from $25.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, April 25. Finally, Zacks Investment Research downgraded Azul shares from a “hold” rating to a “sell” rating and set a price target of $14.00 for the stock. in a research report on Wednesday, April 27. Two investment analysts gave the stock a sell rating and six gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus buy rating 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 company. Frontier Capital Management Co. LLC increased its stake in Azul by 74.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 5,260,801 shares of the company worth $69,443,000 after purchasing an additional 2,253,486 shares during the period. Oaktree Capital Management LP increased its holdings in Azul by 33.1% during the fourth quarter. Oaktree Capital Management LP now owns 2,794,724 shares of the company worth $36,890,000 after purchasing an additional 695,200 shares during the period. Pendal Group Ltd increased its stake in Azul by 83.0% during the 4th quarter. Pendal Group Ltd now owns 2,751,777 shares in the company worth $36,324,000 after purchasing an additional 1,248,194 shares during the period. Russell Investments Group Ltd. increased its stake in Azul by 33.5% during the 4th quarter. Russell Investments Group Ltd. now owns 2,054,248 shares of the company worth $27,113,000 after purchasing an additional 515,925 shares during the period. Finally, Hood River Capital Management LLC increased its stake in Azul by 111.7% during the third quarter. Hood River Capital Management LLC now owns 1,485,222 shares of the company worth $29,794,000 after purchasing an additional 783,816 shares during the period. Hedge funds and other institutional investors own 1.60% of the company’s shares.

Azul Company Profile (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.

Further reading

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