Embraer S.A. (NYSE:ERJ - Free Report) - Equities research analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Embraer in a research note issued to investors on Tuesday, October 15th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.75. The consensus estimate for Embraer's current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer's Q1 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.08 EPS and FY2025 earnings at $2.03 EPS.
Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS.
Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Bank of America reaffirmed a "buy" rating and set a $40.00 price objective on shares of Embraer in a research note on Tuesday, September 17th. UBS Group boosted their price target on shares of Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. Finally, TD Cowen raised shares of Embraer from a "hold" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Embraer has an average rating of "Moderate Buy" and a consensus target price of $32.50.
Get Our Latest Analysis on Embraer
Embraer Price Performance
Shares of NYSE ERJ traded up $2.05 during trading on Wednesday, hitting $34.52. The company had a trading volume of 1,770,881 shares, compared to its average volume of 1,650,951. The company has a market cap of $6.34 billion, a P/E ratio of 23.81 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The business's 50-day moving average is $33.75 and its 200 day moving average is $29.72. Embraer has a 52 week low of $13.56 and a 52 week high of $37.30.
Institutional Investors Weigh In On Embraer
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new position in shares of Embraer in the fourth quarter worth $30,000. Sunbelt Securities Inc. acquired a new position in Embraer in the 2nd quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer during the 2nd quarter valued at about $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the 2nd quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after buying an additional 456 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.
About Embraer
(
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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.
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