Embraer S.A. (NYSE:ERJ) Forecasted to Post Q3 2022 Earnings of $0.16 Per Share

Embraer S.A. (NYSE:ERJGet Rating) – Zacks Research issued their Q3 2022 earnings per share estimates for Embraer in a report issued on Thursday, September 15th. Zacks Research analyst A. Dutta anticipates that the aerospace company will earn $0.16 per share for the quarter. The consensus estimate for Embraer’s current full-year earnings is $0.54 per share. Zacks Research also issued estimates for Embraer’s Q4 2022 earnings at $0.60 EPS, FY2022 earnings at $0.55 EPS, Q1 2023 earnings at $0.12 EPS, Q2 2023 earnings at ($0.56) EPS, Q3 2023 earnings at $0.76 EPS, Q4 2023 earnings at $0.38 EPS, FY2023 earnings at $0.70 EPS, Q1 2024 earnings at $0.15 EPS, Q2 2024 earnings at $0.07 EPS and FY2024 earnings at $1.60 EPS.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. TheStreet upgraded Embraer from a “d+” rating to a “c” rating in a research report on Thursday, September 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.75.

Embraer Trading Down 2.1 %

Shares of ERJ stock opened at $10.13 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 2.03. Embraer has a 52-week low of $7.91 and a 52-week high of $19.40. The company has a market capitalization of $1.86 billion, a PE ratio of -1,013.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.10. The business’s fifty day moving average is $10.08 and its 200 day moving average is $10.60.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ERJ. Bogart Wealth LLC bought a new position in Embraer in the second quarter valued at $26,000. Eagle Bay Advisors LLC bought a new position in Embraer in the second quarter valued at $27,000. Advisors Asset Management Inc. bought a new position in Embraer in the first quarter valued at $60,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Embraer by 80.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,000 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC grew its stake in shares of Embraer by 607.2% during the second quarter. Counterpoint Mutual Funds LLC now owns 11,548 shares of the aerospace company’s stock valued at $101,000 after buying an additional 9,915 shares during the last quarter. Institutional investors own 37.57% of the company’s stock.

About Embraer

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Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Commercial Aviation; Defense and Security; Executive Jets; Service & Support; and Other segments. The Commercial Aviation segment designs, develops, and manufactures a variety of commercial aircrafts.

See Also

Earnings History and Estimates for Embraer (NYSE:ERJ)

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