Azul SA (NYSE:AZUL) Expected to Post Earnings of $0.06 Per Share

Wall Street brokerages forecast that Azul SA (NYSE:AZUL) will report $0.06 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Azul’s earnings. The lowest EPS estimate is ($0.08) and the highest is $0.14. Azul reported earnings of ($0.11) per share in the same quarter last year, which indicates a positive year over year growth rate of 154.5%. The firm is expected to report its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Azul will report full-year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $2.01. For the next financial year, analysts expect that the company will post earnings of $3.02 per share, with EPS estimates ranging from $2.12 to $5.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Azul.

Azul (NYSE:AZUL) last released its earnings results on Thursday, May 9th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.57 billion. Azul had a return on equity of 15.84% and a net margin of 3.59%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.63 earnings per share.

AZUL has been the subject of a number of research analyst reports. Buckingham Research upped their target price on Azul from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Zacks Investment Research cut Azul from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine raised Azul from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. Finally, UBS Group cut Azul from a “neutral” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.02.

AZUL opened at $34.32 on Wednesday. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of 37.98 and a beta of -0.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.69 and a quick ratio of 0.65. Azul has a 1-year low of $15.53 and a 1-year high of $36.08.

Several hedge funds and other institutional investors have recently bought and sold shares of AZUL. Morgan Stanley increased its stake in shares of Azul by 67.9% during the third quarter. Morgan Stanley now owns 170,081 shares of the company’s stock valued at $3,026,000 after buying an additional 68,790 shares during the period. AGF Investments Inc. increased its stake in shares of Azul by 65.3% during the fourth quarter. AGF Investments Inc. now owns 101,227 shares of the company’s stock valued at $2,803,000 after buying an additional 40,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Azul by 31.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,114 shares of the company’s stock valued at $3,935,000 after buying an additional 34,300 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Azul during the fourth quarter valued at $258,000. Finally, Pasadena Private Wealth LLC purchased a new position in shares of Azul during the fourth quarter valued at $288,000. 6.87% of the stock is currently owned by institutional investors.

Azul Company Profile

Azul SA provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.

Featured Article: How to identify percentage decliners

Get a free copy of the Zacks research report on Azul (AZUL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Azul Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Azul and related companies with MarketBeat.com's FREE daily email newsletter.