FY2024 Earnings Forecast for Azul Issued By Seaport Res Ptn

Azul S.A. (NYSE:AZUL) – Investment analysts at Seaport Res Ptn raised their FY2024 earnings per share estimates for Azul in a report released on Wednesday, December 4th. Seaport Res Ptn analyst D. Mckenzie now expects that the company will post earnings of ($1.32) per share for the year, up from their previous forecast of ($1.66). Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Azul’s current full-year earnings is ($1.63) per share. Seaport Res Ptn also issued estimates for Azul’s Q4 2024 earnings at $0.12 EPS, FY2025 earnings at $0.32 EPS and FY2026 earnings at $0.70 EPS.

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

Azul Price Performance

Shares of NYSE:AZUL opened at $2.22 on Monday. Azul has a 12 month low of $2.02 and a 12 month high of $10.62. The stock has a market cap of $933.78 million, a price-to-earnings ratio of -0.31 and a beta of 1.92. The stock’s 50 day moving average price is $2.81 and its 200 day moving average price is $3.63.

Hedge Funds Weigh In On Azul

Several institutional investors and hedge funds have recently modified their holdings of AZUL. Long Focus Capital Management LLC grew its holdings in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after acquiring an additional 2,295,000 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after acquiring an additional 290,465 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Azul during the 3rd quarter valued at $614,000. Finally, Centiva Capital LP grew its holdings in shares of Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after acquiring an additional 135,365 shares in the last quarter. 0.82% of the stock is currently 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.