EVE (NYSE:EVEX) Issues Earnings Results, Beats Estimates By $0.01 EPS

EVE (NYSE:EVEX) issued its quarterly earnings data on Monday. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01, Zacks reports. During the same period in the previous year, the firm posted ($0.11) earnings per share.

EVE Stock Performance

Shares of NYSE:EVEX traded down $0.09 during midday trading on Tuesday, hitting $2.64. The stock had a trading volume of 38,978 shares, compared to its average volume of 133,846. The company has a market capitalization of $765.97 million, a PE ratio of -5.81 and a beta of 0.37. EVE has a 1 year low of $2.33 and a 1 year high of $7.67. The stock has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $3.76. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price target on shares of EVE in a research note on Monday, September 30th. HC Wainwright began coverage on EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price target on the stock.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.