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

Embraer S.A. (NYSE:ERJ) – Analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Embraer in a research report issued on Monday, May 6th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.73. The consensus estimate for Embraer’s current full-year earnings is $1.36 per share.

ERJ has been the topic of several other research reports. UBS Group reaffirmed a “neutral” rating and issued a $28.50 price objective (up previously from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. The Goldman Sachs Group increased their price target on Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday. HSBC cut shares of Embraer from a “buy” rating to a “hold” rating and upped their price target for the stock from $18.00 to $19.00 in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and an average target price of $29.75.

Embraer Stock Down 0.7 %

Shares of NYSE ERJ opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93. The business’s 50 day moving average is $24.61 and its two-hundred day moving average is $19.90. Embraer has a 1-year low of $12.48 and a 1-year high of $27.47.

Embraer (NYSE:ERJ) last posted its earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%.

Institutional Trading of Embraer

Hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Embraer by 19.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock worth $73,000 after buying an additional 890 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Embraer by 6.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock worth $323,000 after acquiring an additional 1,070 shares during the period. Advisors Preferred LLC purchased a new position in Embraer during the fourth quarter valued at $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Embraer in the fourth quarter valued at about $30,000. Finally, Blue Trust Inc. increased its stake in shares of Embraer by 189.6% during the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Company Profile

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.