Embraer (ERJ) Set to Announce Earnings on Friday

Embraer (NYSE:ERJ - Get Free Report) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Embraer to post earnings of $0.29 per share for the quarter. Embraer has set its FY 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. The firm had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company's revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, analysts expect Embraer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Embraer Trading Down 1.0 %

Embraer stock traded down $0.33 during trading hours on Friday, reaching $33.19. 1,195,796 shares of the company were exchanged, compared to its average volume of 1,620,416. 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 stock has a 50-day moving average of $34.44 and a 200 day moving average of $30.40. Embraer has a 12 month low of $14.43 and a 12 month high of $37.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ERJ shares. Bank of America reissued a "buy" rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. Finally, TD Cowen raised Embraer from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.86.

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.