Equities research analysts forecast that Azul S.A. (NYSE:AZUL) will announce earnings of ($1.18) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Azul’s earnings, with the highest EPS estimate coming in at ($0.60) and the lowest estimate coming in at ($1.88). Azul posted earnings per share of ($1.99) during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.7%. The company is scheduled to issue its next earnings report on Monday, November 15th.
On average, analysts expect that Azul will report full-year earnings of ($4.28) per share for the current financial year, with EPS estimates ranging from ($4.32) to ($4.25). For the next financial year, analysts forecast that the company will post earnings of ($1.38) per share, with EPS estimates ranging from ($2.88) to $0.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Azul.
Azul (NYSE:AZUL) last issued its earnings results on Wednesday, August 11th. The company reported ($1.91) EPS for the quarter, missing the consensus estimate of ($1.51) by ($0.40). The business had revenue of $321.37 million for the quarter, compared to the consensus estimate of $302.06 million.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Azul by 845.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,059 shares of the company’s stock valued at $28,000 after acquiring an additional 947 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Azul during the 2nd quarter valued at about $38,000. Barclays PLC acquired a new position in shares of Azul during the 1st quarter valued at about $86,000. FORA Capital LLC acquired a new position in shares of Azul during the 2nd quarter valued at about $147,000. Finally, LPL Financial LLC acquired a new position in shares of Azul during the 2nd quarter valued at about $223,000. 1.42% of the stock is owned by institutional investors.
Shares of NYSE AZUL traded down $0.73 during trading on Wednesday, hitting $19.02. 13,299 shares of the company were exchanged, compared to its average volume of 1,133,632. The company has a market cap of $7.99 billion, a price-to-earnings ratio of -5.01 and a beta of 1.54. Azul has a 1 year low of $11.16 and a 1 year high of $29.45. The firm’s fifty day moving average price is $21.82 and its 200 day moving average price is $22.74.
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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