Seaport Res Ptn Forecasts Azul's Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL - Free Report) - Equities researchers at Seaport Res Ptn cut their Q4 2024 earnings estimates for Azul in a report released 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 previous 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.

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

Azul Stock Performance

NYSE:AZUL traded down $0.09 during midday trading on Friday, reaching $2.69. 1,661,205 shares of the stock traded hands, compared to its average volume of 1,963,282. The stock has a market capitalization of $1.13 billion, a P/E ratio of -0.28 and a beta of 1.99. Azul has a 12 month low of $2.02 and a 12 month high of $11.11. The company has a fifty day moving average of $2.96 and a 200 day moving average of $4.10.

Azul (NYSE:AZUL - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same quarter in the prior year, the business earned ($0.81) earnings per share.

Institutional Trading of Azul

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AZUL. XTX Topco Ltd purchased a new position in shares of Azul during the third quarter worth approximately $614,000. Jane Street Group LLC lifted its position in shares of Azul by 58.9% during the third quarter. Jane Street Group LLC now owns 203,190 shares of the company's stock valued at $699,000 after buying an additional 75,291 shares during the last quarter. Centiva Capital LP grew its holdings in Azul by 205.3% in the third quarter. Centiva Capital LP now owns 201,290 shares of the company's stock worth $692,000 after purchasing an additional 135,365 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in Azul in the third quarter valued at about $44,000. Finally, Inspire Advisors LLC increased its holdings in shares of Azul by 84.0% during the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company's stock valued at $142,000 after acquiring an additional 18,861 shares in 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.