Embraer S.A. (NYSE:ERJ – Free Report) – 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 – Get Free Report) 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%.
Read Our Latest Report on Embraer
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.
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