Analysts Anticipate Azul SA (NYSE:AZUL) Will Post Quarterly Sales of $103.44 Million

Wall Street brokerages expect Azul SA (NYSE:AZUL) to announce sales of $103.44 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Azul’s earnings. The highest sales estimate is $130.09 million and the lowest is $76.78 million. Azul posted sales of $667.72 million during the same quarter last year, which suggests a negative year over year growth rate of 84.5%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 13th.

On average, analysts expect that Azul will report full-year sales of $1.20 billion for the current financial year, with estimates ranging from $1.15 billion to $1.29 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.68 billion, with estimates ranging from $1.49 billion to $2.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Azul.

Azul (NYSE:AZUL) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($1.13). Azul had a negative return on equity of 10.48% and a negative net margin of 41.88%. The business had revenue of $632.96 million during the quarter, compared to analysts’ expectations of $613.01 million.

Several analysts have weighed in on the company. Bank of America assumed coverage on shares of Azul in a report on Thursday, May 28th. They set a “neutral” rating for the company. Deutsche Bank lowered their target price on shares of Azul from $12.00 to $10.00 and set a “hold” rating for the company in a report on Monday, May 4th. ValuEngine upgraded shares of Azul from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Zacks Investment Research lowered shares of Azul from a “strong-buy” rating to a “strong sell” rating and set a $13.00 target price for the company. in a report on Friday, March 27th. Finally, Morgan Stanley lowered shares of Azul from an “overweight” rating to an “equal weight” rating and set a $10.30 target price for the company. in a report on Friday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.22.

Shares of NYSE:AZUL traded down $0.89 on Friday, reaching $10.95. 3,005,525 shares of the company traded hands, compared to its average volume of 7,244,236. The stock has a market capitalization of $4.58 billion, a P/E ratio of -1.29 and a beta of 0.98. Azul has a 52 week low of $5.30 and a 52 week high of $44.55. The business’s 50-day simple moving average is $9.88 and its 200 day simple moving average is $23.80.

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Azul in the 4th quarter worth $41,000. Profund Advisors LLC lifted its stake in Azul by 24.8% in the 4th quarter. Profund Advisors LLC now owns 8,872 shares of the company’s stock worth $380,000 after purchasing an additional 1,765 shares in the last quarter. Fred Alger Management LLC lifted its stake in Azul by 3.6% in the 4th quarter. Fred Alger Management LLC now owns 77,700 shares of the company’s stock worth $3,326,000 after purchasing an additional 2,700 shares in the last quarter. UBS Group AG lifted its stake in Azul by 61.0% in the 4th quarter. UBS Group AG now owns 8,554 shares of the company’s stock worth $366,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Deltec Asset Management LLC lifted its stake in Azul by 7.1% in the 1st quarter. Deltec Asset Management LLC now owns 62,990 shares of the company’s stock worth $642,000 after purchasing an additional 4,200 shares in the last quarter. 2.79% of the stock is 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.

See Also: What is quantitative easing?

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.