Azul (NYSE:AZUL – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, August 11th. Analysts expect Azul to post earnings of ($0.70) per share for the quarter.
Azul (NYSE:AZUL – Get Rating) last released its earnings results on Monday, May 9th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.21) by $0.07. The business had revenue of $610.94 million during the quarter, compared to the consensus estimate of $638.50 million. On average, analysts expect Azul to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Azul Price Performance
NYSE AZUL opened at $6.89 on Thursday. The company’s 50 day simple moving average is $8.17 and its 200 day simple moving average is $12.13. Azul has a 12 month low of $6.13 and a 12 month high of $22.98. The company has a market capitalization of $2.90 billion, a P/E ratio of 8.51 and a beta of 1.31.
Hedge Funds Weigh In On Azul
Analysts Set New Price Targets
AZUL has been the topic of a number of recent analyst reports. Barclays lowered shares of Azul from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $17.00 to $7.00 in a report on Wednesday, July 6th. Seaport Res Ptn raised shares of Azul from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 26th. Raymond James lowered their price objective on shares of Azul from $22.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Azul from $18.00 to $11.00 in a research report on Tuesday, July 19th. Finally, The Goldman Sachs Group lowered their price objective on shares of Azul from $15.40 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.28.
Azul SA, together with its subsidiaries, provides passenger and cargo transportation services in Brazil. As of December 31, 2021, the company operated 850 daily departures to 125 destinations through a network of 259 non-stop routes with a fleet of 179 aircraft. It is also involved in the loyalty programs, travel packages, investment fund, logistics solutions, and aircraft financing activities.
- Get a free copy of the StockNews.com research report on Azul (AZUL)
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