Zacks Research Issues Positive Forecast for Embraer Earnings

Embraer S.A. (NYSE:ERJ) – Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for Embraer in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst R. Department now expects that the aerospace company will earn $0.26 per share 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 topic of a number of other reports. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group increased their target price on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.86.

Embraer Trading Down 0.7 %

NYSE ERJ opened at $34.77 on Thursday. Embraer has a 12 month low of $13.56 and a 12 month high of $37.30. The stock has a market cap of $6.39 billion, a P/E ratio of 24.15 and a beta of 1.69. The stock’s fifty day moving average price is $34.23 and its 200-day moving average price is $30.06. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Embraer in the fourth quarter valued at about $30,000. Sunbelt Securities Inc. bought a new position in Embraer in the second quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Embraer in the second quarter valued at about $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the second quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the period. Institutional investors own 34.65% of the company’s stock.

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.