Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) Posts Quarterly Earnings Results

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) issued its quarterly earnings results on Monday. The aerospace company reported $1.18 earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.24 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 6.13% and a net margin of 3.94%.

Embraer-Empresa Brasileira de Aeronautica Stock Down 0.0%

EMBJ stock opened at $72.99 on Monday. The stock’s 50 day simple moving average is $63.47 and its 200 day simple moving average is $64.78. The company has a market cap of $13.19 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week high of $80.75.

Analysts Set New Price Targets

A number of research firms have recently commented on EMBJ. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. decreased their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $68.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $68,460,000. Lord Abbett & CO. LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $28,696,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $21,687,000. Russell Investments Group Ltd. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $21,288,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after acquiring an additional 166,489 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.