Seaport Res Ptn Has Strong Forecast for Azul FY2024 Earnings

Azul S.A. (NYSE:AZUL) – Investment analysts at Seaport Res Ptn upped their FY2024 earnings per share estimates for shares of Azul in a research report issued to clients and investors 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 prior forecast of ($1.66). Seaport Res Ptn currently 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.

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

Azul Stock Down 0.5 %

Shares of NYSE AZUL opened at $2.20 on Monday. The business has a fifty day simple moving average of $2.84 and a 200-day simple moving average of $3.66. The company has a market cap of $927.46 million, a price-to-earnings ratio of -0.31 and a beta of 1.92. Azul has a 12 month low of $2.02 and a 12 month high of $10.62.

Institutional Investors Weigh In On Azul

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Coronation Fund Managers Ltd. grew its position in Azul by 9.5% in the second quarter. Coronation Fund Managers Ltd. now owns 27,341 shares of the company’s stock worth $109,000 after acquiring an additional 2,380 shares in the last quarter. Signaturefd LLC boosted its holdings in Azul by 35.9% in the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after purchasing an additional 2,812 shares in the last quarter. Inspire Advisors LLC boosted its holdings in Azul by 20.1% in the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after purchasing an additional 3,764 shares in the last quarter. Marshall Wace LLP increased its position in Azul by 2,466.5% during the second quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after buying an additional 575,344 shares during the last quarter. Finally, Long Focus Capital Management LLC raised its holdings in Azul by 106.3% during the second quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after buying an additional 2,295,000 shares in the last quarter. 0.82% of the stock is owned by hedge funds and other institutional investors.

About Azul

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.