Embraer (NYSE:ERJ) Stock Price Up 5.8% Following Earnings Beat

Embraer S.A. (NYSE:ERJ - Get Free Report) shot up 5.8% during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $45.38 and last traded at $45.36. 751,455 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,236,136 shares. The stock had previously closed at $42.89.

The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.21 billion.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday. Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. StockNews.com raised shares of Embraer from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and lifted their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC boosted its position in shares of Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after acquiring an additional 296 shares during the last quarter. Townsquare Capital LLC increased its stake in Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock valued at $920,000 after acquiring an additional 310 shares during the last quarter. Angeles Investment Advisors LLC raised its position in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company's stock valued at $416,000 after purchasing an additional 338 shares in the last quarter. LVW Advisors LLC boosted its holdings in shares of Embraer by 3.3% in the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after purchasing an additional 340 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer Price Performance

The firm has a market capitalization of $9.18 billion, a P/E ratio of 18.37 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business's 50-day simple moving average is $40.25 and its 200 day simple moving average is $37.12.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.