Azul (NYSE:AZUL) announced its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17), Morningstar.com reports. The firm had revenue of $651.43 million during the quarter, compared to the consensus estimate of $692.03 million. Azul had a net margin of 6.91% and a return on equity of 20.86%.
Shares of NYSE:AZUL traded up $0.50 during mid-day trading on Friday, reaching $32.40. 11,676 shares of the company’s stock were exchanged, compared to its average volume of 534,965. The firm has a market cap of $10.20 billion, a PE ratio of 21.30 and a beta of -0.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.89 and a current ratio of 0.94. Azul has a twelve month low of $15.53 and a twelve month high of $35.05.
Several large investors have recently modified their holdings of the company. Group One Trading L.P. acquired a new position in Azul in the third quarter valued at $108,000. Raymond James Financial Services Advisors Inc. purchased a new position in Azul in the fourth quarter valued at about $258,000. Pasadena Private Wealth LLC purchased a new position in Azul in the fourth quarter valued at about $288,000. Tyvor Capital LLC boosted its stake in Azul by 6.7% in the third quarter. Tyvor Capital LLC now owns 177,102 shares of the company’s stock valued at $3,151,000 after acquiring an additional 11,119 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in Azul by 1.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 786,481 shares of the company’s stock valued at $21,778,000 after acquiring an additional 12,961 shares during the last quarter. Institutional investors own 7.19% of the company’s stock.
A number of brokerages recently issued reports on AZUL. Zacks Investment Research raised shares of Azul from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. UBS Group lowered shares of Azul from a “buy” rating to a “neutral” rating in a research report on Thursday, January 17th. Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and set a $27.07 target price on the stock. in a research report on Sunday, December 9th. Finally, Morgan Stanley upgraded shares of Azul from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.02.
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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.
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