Zacks Research Issues Positive Forecast for Embraer Earnings

Embraer S.A. (NYSE:ERJ - Free Report) - Stock analysts at Zacks Research increased their Q3 2024 earnings per share estimates for Embraer in a research report issued on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $0.26 for the quarter, up from their previous forecast of $0.24. The consensus estimate for Embraer's current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer's Q4 2024 earnings at $0.69 EPS, FY2024 earnings at $1.32 EPS, Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $2.01 EPS and Q3 2026 earnings at $0.76 EPS.

ERJ has been the subject of several other research reports. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and raised their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. UBS Group boosted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, July 3rd. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Finally, Bank of America reissued a "buy" rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Embraer has an average rating of "Moderate Buy" and an average target price of $34.86.

Embraer Price Performance

ERJ traded up $0.15 during midday trading on Thursday, reaching $34.94. 968,040 shares of the company's stock were exchanged, compared to its average volume of 1,635,391. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The business has a 50-day simple moving average of $34.28 and a two-hundred day simple moving average of $30.09. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 24.26 and a beta of 1.69. Embraer has a one year low of $13.56 and a one year high of $37.30.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.49 billion during 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 firm's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in ERJ. Wealth Enhancement Advisory Services LLC lifted its position in Embraer by 82.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company's stock worth $615,000 after buying an additional 7,852 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Embraer during the third quarter worth approximately $259,000. Signaturefd LLC grew its stake in shares of Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after purchasing an additional 414 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Embraer by 11.9% in the third quarter. Blue Trust Inc. now owns 13,156 shares of the aerospace company's stock valued at $465,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Embraer in the 3rd quarter worth approximately $354,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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.