Brokerages Expect Embraer SA (NYSE:ERJ) Will Post Earnings of -$0.18 Per Share

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Wall Street brokerages expect Embraer SA (NYSE:ERJ) to post ($0.18) earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Embraer’s earnings, with estimates ranging from ($0.33) to ($0.02). Embraer reported earnings per share of ($0.04) in the same quarter last year, which suggests a negative year over year growth rate of 350%. The company is expected to announce its next earnings report on Thursday, March 12th.

On average, analysts expect that Embraer will report full year earnings of ($0.83) per share for the current financial year, with EPS estimates ranging from ($1.00) to ($0.69). For the next financial year, analysts expect that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.44 to $0.55. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Embraer.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, November 12th. The aerospace company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.08). Embraer had a negative return on equity of 3.36% and a negative net margin of 2.59%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $0.03 earnings per share. Embraer’s revenue was up 1.4% on a year-over-year basis.

A number of equities research analysts have weighed in on ERJ shares. Cowen reaffirmed a “hold” rating and set a $22.00 target price on shares of Embraer in a research report on Tuesday, November 12th. Zacks Investment Research lowered Embraer from a “strong-buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Wednesday, October 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $21.00 target price (down from $23.00) on shares of Embraer in a research report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.70.

Shares of ERJ stock traded down $0.01 on Friday, reaching $18.49. 523,153 shares of the company’s stock were exchanged, compared to its average volume of 766,224. Embraer has a 52 week low of $15.86 and a 52 week high of $23.68. The company has a current ratio of 2.10, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.31 billion, a PE ratio of -61.63 and a beta of -0.09. The company’s fifty day simple moving average is $17.37 and its 200 day simple moving average is $18.46.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brandes Investment Partners LP raised its position in Embraer by 0.5% during the 2nd quarter. Brandes Investment Partners LP now owns 20,024,471 shares of the aerospace company’s stock valued at $407,221,000 after purchasing an additional 92,637 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Embraer by 11.1% during the 2nd quarter. Mondrian Investment Partners LTD now owns 13,900,162 shares of the aerospace company’s stock valued at $279,810,000 after purchasing an additional 1,385,984 shares in the last quarter. Oldfield Partners LLP raised its position in Embraer by 5.8% during the 3rd quarter. Oldfield Partners LLP now owns 4,847,665 shares of the aerospace company’s stock valued at $83,622,000 after purchasing an additional 263,600 shares in the last quarter. Bank of America Corp DE raised its position in Embraer by 12.8% during the 2nd quarter. Bank of America Corp DE now owns 2,341,427 shares of the aerospace company’s stock valued at $47,134,000 after purchasing an additional 265,031 shares in the last quarter. Finally, Polunin Capital Partners Ltd raised its position in Embraer by 2.2% during the 3rd quarter. Polunin Capital Partners Ltd now owns 1,754,293 shares of the aerospace company’s stock valued at $30,261,000 after purchasing an additional 38,200 shares in the last quarter. 44.80% of the stock is owned by institutional investors and hedge funds.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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