Equities Analysts Issue Forecasts for Embraer S.A.’s FY2024 Earnings (NYSE:ERJ)

Embraer S.A. (NYSE:ERJ) – Investment analysts at Zacks Research increased their FY2024 earnings estimates for shares of Embraer in a research report issued to clients and investors on Tuesday, June 25th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $1.32 per share for the year, up from their previous estimate of $1.31. The consensus estimate for Embraer’s current full-year earnings is $1.47 per share. Zacks Research also issued estimates for Embraer’s Q4 2024 earnings at $0.86 EPS, FY2025 earnings at $2.25 EPS and FY2026 earnings at $2.87 EPS.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%.

ERJ has been the topic of several other reports. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. The Goldman Sachs Group boosted their price objective on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. UBS Group restated a “neutral” rating and issued a $28.50 price objective (up from $21.00) on shares of Embraer in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price objective on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Finally, Morgan Stanley boosted their price objective on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.75.

Embraer Trading Down 0.5 %

Shares of ERJ stock opened at $27.40 on Thursday. Embraer has a twelve month low of $12.48 and a twelve month high of $31.12. The company’s 50-day moving average price is $27.56 and its 200-day moving average price is $22.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71.

Institutional Trading of Embraer

A number of large investors have recently made changes to their positions in the company. Boston Partners purchased a new stake in shares of Embraer during the first quarter worth approximately $997,000. Cetera Advisors LLC purchased a new stake in shares of Embraer during the first quarter worth approximately $781,000. Atria Investments Inc purchased a new stake in shares of Embraer during the first quarter worth approximately $1,671,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Embraer by 43.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 37,564 shares of the aerospace company’s stock worth $1,001,000 after buying an additional 11,318 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Embraer during the first quarter worth approximately $3,700,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.