Analysts Anticipate Azul S.A. (NYSE:AZUL) Will Post Earnings of -$1.38 Per Share

Equities research analysts expect Azul S.A. (NYSE:AZUL) to post ($1.38) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Azul’s earnings, with the lowest EPS estimate coming in at ($1.50) and the highest estimate coming in at ($1.13). Azul reported earnings per share of ($2.38) in the same quarter last year, which would suggest a positive year over year growth rate of 42%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 11th.

According to Zacks, analysts expect that Azul will report full year earnings of ($4.85) per share for the current financial year, with EPS estimates ranging from ($5.25) to ($4.11). For the next year, analysts forecast that the firm will post earnings of ($2.30) per share, with EPS estimates ranging from ($3.81) to $0.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Azul.

Several research analysts recently weighed in on the company. Seaport Res Ptn raised Azul from a “neutral” rating to a “buy” rating in a research note on Friday, May 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Azul in a research note on Monday, March 29th. Bradesco Corretora raised Azul from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Monday. Morgan Stanley reaffirmed an “underweight” rating and set a $15.20 target price on shares of Azul in a report on Monday, March 29th. Finally, Deutsche Bank Aktiengesellschaft raised Azul from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Friday, March 5th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $31.57.

A number of institutional investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC lifted its stake in Azul by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,052 shares of the company’s stock worth $324,000 after acquiring an additional 650 shares in the last quarter. DnB Asset Management AS lifted its stake in Azul by 9.2% in the 1st quarter. DnB Asset Management AS now owns 11,806 shares of the company’s stock worth $238,000 after acquiring an additional 991 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in Azul by 14.6% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 18,533 shares of the company’s stock worth $423,000 after acquiring an additional 2,365 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of Azul by 46.9% during the 1st quarter. First Mercantile Trust Co. now owns 12,557 shares of the company’s stock worth $254,000 after purchasing an additional 4,010 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Azul during the 1st quarter worth about $86,000. 1.65% of the stock is owned by hedge funds and other institutional investors.

NYSE:AZUL opened at $28.32 on Tuesday. The stock has a fifty day simple moving average of $22.78. Azul has a 1 year low of $10.50 and a 1 year high of $29.45. The company has a market capitalization of $11.90 billion, a PE ratio of -2.82 and a beta of 1.56.

Azul Company Profile

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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