Azul (AZUL) Scheduled to Post Quarterly Earnings on Thursday

Azul (NYSE:AZUL) is scheduled to announce its earnings results before the market opens on Thursday, March 28th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Azul Stock Performance

Shares of AZUL opened at $8.45 on Tuesday. The stock has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $8.54. The firm has a market capitalization of $3.56 billion, a P/E ratio of -6.40 and a beta of 1.85. Azul has a 52 week low of $5.80 and a 52 week high of $13.86.

Institutional Trading of Azul

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. grew its holdings in shares of Azul by 83.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,630 shares of the company’s stock valued at $151,000 after acquiring an additional 1,200 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Azul in the first quarter valued at approximately $3,449,000. Citigroup Inc. grew its holdings in shares of Azul by 10.9% in the first quarter. Citigroup Inc. now owns 58,836 shares of the company’s stock valued at $885,000 after acquiring an additional 5,761 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Azul by 74.0% in the first quarter. Penserra Capital Management LLC now owns 8,827 shares of the company’s stock valued at $132,000 after acquiring an additional 3,753 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Azul by 52.9% in the first quarter. Northern Trust Corp now owns 52,989 shares of the company’s stock valued at $798,000 after acquiring an additional 18,329 shares in the last quarter. 0.82% of the stock is owned by institutional investors.

About Azul

Azul SA, together with its subsidiaries, provides scheduled air transportation services in Brazil. As of December 31, 2022, the company operated approximately 1,000 daily departures to 158 destinations through a network of 300 non-stop routes with an operating fleet of 177 aircraft and a passenger contractual fleet of 194 aircraft.