Zacks Research Has Positive Estimate for Embraer Q3 Earnings

Embraer S.A. (NYSE:ERJ - Free Report) - Research analysts at Zacks Research upped their Q3 2024 EPS estimates for shares of Embraer in a note issued to investors on Tuesday, October 15th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $0.24 per share for the quarter, up from their previous forecast of $0.19. The consensus estimate for Embraer's current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer's Q4 2025 earnings at $0.08 EPS, Q1 2026 earnings at $1.18 EPS and Q2 2026 earnings at $0.80 EPS.

A number of other analysts have also recently weighed in on the stock. TD Cowen raised shares of Embraer from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Bank of America reaffirmed a "buy" rating and set a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. UBS Group upped their price target on shares of Embraer from $28.50 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 3rd. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Embraer presently has a consensus rating of "Moderate Buy" and an average price target of $34.86.

Embraer Stock Down 0.6 %

Embraer stock traded down $0.22 during trading on Thursday, reaching $34.30. 977,091 shares of the company's stock were exchanged, compared to its average volume of 1,647,619. The company's 50-day moving average is $33.99 and its two-hundred day moving average is $29.78. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. Embraer has a 52-week low of $13.56 and a 52-week high of $37.30. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 23.82 and a beta of 1.69.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The company had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company earned $0.32 EPS. The business's quarterly revenue was up 15.6% compared to the same quarter last year.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently modified their holdings of ERJ. Artemis Investment Management LLP acquired a new stake in shares of Embraer in the 3rd quarter valued at about $30,358,000. Driehaus Capital Management LLC raised its stake in shares of Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock valued at $37,141,000 after purchasing an additional 728,592 shares in the last quarter. Nicholas Investment Partners LP raised its stake in shares of Embraer by 424.7% in the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company's stock valued at $13,584,000 after purchasing an additional 426,153 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Embraer in the 1st quarter valued at about $10,754,000. Finally, Jennison Associates LLC acquired a new stake in shares of Embraer in the 1st quarter valued at about $9,818,000. Institutional investors and hedge funds own 34.65% of the company's stock.

About Embraer

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.