Analysts Issue Forecasts for Azul’s Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for Azul in a report issued on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.06. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Azul’s current full-year earnings is ($1.75) per share.

Azul (NYSE:AZUL) last posted its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The firm had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same period in the prior year, the firm earned ($0.81) earnings per share.

Other research analysts have also recently issued research reports about the company. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research report on Thursday, September 5th. Barclays dropped their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Hsbc Global Res upgraded Azul to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and dropped their price target for the company from $6.70 to $4.00 in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.59.

Azul Stock Up 3.3 %

Shares of NYSE AZUL opened at $2.78 on Friday. The stock has a fifty day moving average price of $2.95 and a 200 day moving average price of $4.12. Azul has a 1-year low of $2.02 and a 1-year high of $11.26.

Institutional Investors Weigh In On Azul

Hedge funds have recently bought and sold shares of the business. Creative Planning acquired a new stake in Azul in the 3rd quarter valued at approximately $35,000. Signaturefd LLC grew its stake in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after acquiring an additional 2,812 shares during the period. Ground Swell Capital LLC bought a new stake in Azul during the third quarter worth about $44,000. Sanctuary Advisors LLC acquired a new position in Azul during the second quarter worth approximately $51,000. Finally, Inspire Advisors LLC grew its position in shares of Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.