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

Embraer S.A. (NYSE:ERJFree Report) – Equities researchers at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of Embraer in a report released on Wednesday, January 31st. Zacks Research analyst R. Department now expects that the aerospace company will post earnings per share of $1.32 for the year, up from their prior forecast of $1.29. The consensus estimate for Embraer’s current full-year earnings is $0.60 per share. Zacks Research also issued estimates for Embraer’s Q4 2024 earnings at $0.20 EPS.

Embraer (NYSE:ERJGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The aerospace company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.48 billion. Embraer had a positive return on equity of 1.62% and a negative net margin of 0.11%.

Several other equities research analysts also recently weighed in on the company. Citigroup raised Embraer from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Monday, October 16th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

View Our Latest Stock Report on ERJ

Embraer Price Performance

Shares of ERJ opened at $18.34 on Thursday. The business’s 50-day moving average is $18.14 and its two-hundred day moving average is $15.93. The company has a market capitalization of $3.40 billion, a P/E ratio of -458.50, a P/E/G ratio of 0.82 and a beta of 1.57. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.80 and a current ratio of 1.65. Embraer has a fifty-two week low of $12.11 and a fifty-two week high of $20.13.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently modified their holdings of ERJ. Allworth Financial LP acquired a new stake in shares of Embraer during the 3rd quarter valued at about $26,000. Eagle Bay Advisors LLC acquired a new stake in Embraer in the 2nd quarter worth about $27,000. Advisors Preferred LLC acquired a new stake in Embraer in the 4th quarter worth about $28,000. Bruce G. Allen Investments LLC acquired a new stake in Embraer in the 4th quarter worth about $47,000. Finally, Blue Trust Inc. boosted its holdings in Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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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