Zacks Research Analysts Lower Earnings Estimates for Embraer S.A. (NYSE:ERJ)

Embraer S.A. (NYSE:ERJFree Report) – Research analysts at Zacks Research cut their Q2 2024 earnings estimates for shares of Embraer in a note issued to investors on Tuesday, May 28th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $0.27 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Embraer’s current full-year earnings is $1.46 per share. Zacks Research also issued estimates for Embraer’s FY2024 earnings at $1.31 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $1.00 EPS, FY2025 earnings at $2.23 EPS and FY2026 earnings at $2.86 EPS.

ERJ has been the subject of a number of other reports. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. UBS Group reiterated a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a report on Tuesday, March 26th. HSBC downgraded shares of Embraer from a “buy” rating to a “hold” rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Morgan Stanley boosted their target price on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

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Embraer Trading Down 0.1 %

Shares of NYSE:ERJ opened at $28.10 on Thursday. The company has a 50 day moving average of $26.71 and a 200-day moving average of $21.46. The firm has a market cap of $5.16 billion, a P/E ratio of 19.51 and a beta of 1.67. Embraer has a twelve month low of $12.48 and a twelve month high of $31.12. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91.

Embraer (NYSE:ERJGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $896.60 million during the quarter, compared to analyst estimates of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.43%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Embraer in the third quarter worth approximately $1,358,000. Canada Pension Plan Investment Board bought a new stake in Embraer in the third quarter worth approximately $9,884,000. UBS Group AG grew its position in Embraer by 16.9% in the third quarter. UBS Group AG now owns 233,941 shares of the aerospace company’s stock worth $3,210,000 after acquiring an additional 33,799 shares in the last quarter. Citigroup Inc. grew its position in Embraer by 18.9% in the third quarter. Citigroup Inc. now owns 62,876 shares of the aerospace company’s stock worth $863,000 after acquiring an additional 10,014 shares in the last quarter. Finally, Johnson Investment Counsel Inc. bought a new stake in Embraer in the third quarter worth approximately $343,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Embraer (NYSE:ERJ)

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