It’s an appealing income play to consider Azul S.A. (AZUL)

The price of Azul S.A. (NYSE: AZUL) closed at $6.92 in the last session, down -1.84% from day before closing price of $7.05. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 3647290 shares were traded. AZUL stock price reached its highest trading level at $7.29 during the session, while it also had its lowest trading level at $6.86.

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We take a closer look at AZUL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on July 06, 2022, Downgraded its rating to Underweight and sets its target price to $7 from $17 previously.

On April 26, 2022, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $22.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31.

Stock Price History:

Over the past 52 weeks, AZUL has reached a high of $17.46, while it has fallen to a 52-week low of $6.12. The 50-Day Moving Average of the stock is 8.82, while the 200-Day Moving Average is calculated to be 10.59.

Shares Statistics:

According to the various share statistics, AZUL traded on average about 1.96M shares per day over the past 3-months and 2.14M shares per day over the past 10 days. A total of 116.00M shares are outstanding, with a floating share count of 111.87M. Shares short for AZUL as of Oct 13, 2022 were 12.18M with a Short Ratio of 11.62M, compared to 9.9M on Sep 14, 2022.

Earnings Estimates

The company has 6 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.51 for the current quarter, with a high estimate of -$0.32 and a low estimate of -$0.86, while EPS last year was -$1.08. The consensus estimate for the next quarter is -$0.14, with high estimates of $0.3 and low estimates of -$0.9.

Analysts are recommending an EPS of between -$2.11 and -$4.03 for the fiscal current year, implying an average EPS of -$2.83. EPS for the following year is -$0.82, with 5 analysts recommending between $0.6 and -$3.21.

Revenue Estimates

According to 5 analysts, the current quarter’s revenue is expected to be $837.73M. It ranges from a high estimate of $900.47M to a low estimate of $738.63M. As of the current estimate, Azul S.A.’s year-ago sales were $450.57M, an estimated increase of 85.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $912.14M, an increase of 36.60% less than the figure of $85.90% in the same quarter last year. There is a high estimate of $1.03B for the next quarter, whereas the lowest estimate is $843.21M.

A total of 6 analysts have provided revenue estimates for AZUL’s current fiscal year. The highest revenue estimate was $3.3B, while the lowest revenue estimate was $2.94B, resulting in an average revenue estimate of $3.09B. In the same quarter a year ago, actual revenue was $1.85B, up 67.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $3.55B in the next fiscal year. The high estimate is $3.98B and the low estimate is $3.12B. The average revenue growth estimate for next year is up 14.90% from the average revenue estimate for this year.