Seaport Res Ptn Predicts Azul’s FY2024 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Analysts at Seaport Res Ptn boosted their FY2024 EPS estimates for shares of Azul in a research note issued to 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 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 research reports. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a research report on Thursday, September 5th. The Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Hsbc Global Res raised shares of Azul to a “hold” rating in a research report on Thursday, September 5th. Finally, Barclays cut their price objective on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Azul has an average rating of “Hold” and an average price target of $6.59.

Azul Price Performance

Azul stock opened at $2.22 on Monday. The firm has a market cap of $933.78 million, a price-to-earnings ratio of -0.31 and a beta of 1.92. Azul has a fifty-two week low of $2.02 and a fifty-two week high of $10.62. The firm has a fifty day moving average price of $2.81 and a two-hundred day moving average price of $3.63.

Institutional Trading of Azul

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda increased its stake in Azul by 13,831.7% in the second 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 during the period. Long Focus Capital Management LLC increased its stake in Azul by 106.3% in 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 acquiring an additional 2,295,000 shares during the period. Marshall Wace LLP increased its stake in Azul by 2,466.5% in the second 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 during the period. Creative Planning bought a new stake in Azul during the third quarter worth about $35,000. Finally, Perpetual Ltd grew its stake in Azul by 4.5% during the third quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock worth $8,101,000 after buying an additional 100,639 shares during the last quarter. Institutional investors own 0.82% of the company’s stock.

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.