Azul (AZUL) Scheduled to Post Earnings on Thursday

Azul (NYSE:AZULGet 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:AZULGet 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

Several large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC raised its stake in shares of Azul by 74.0% in the 1st quarter. Penserra Capital Management LLC now owns 8,827 shares of the company’s stock valued at $132,000 after buying an additional 3,753 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Azul by 83.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the company’s stock valued at $151,000 after buying an additional 1,200 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Azul in the 1st quarter valued at $177,000. Atria Wealth Solutions Inc. acquired a new position in shares of Azul in the 1st quarter valued at $257,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Azul in the 1st quarter valued at $327,000. 1.60% of the stock is currently owned by institutional investors and hedge funds.

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.

About Azul

(Get Rating)

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.

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Earnings History for Azul (NYSE:AZUL)

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