Analysts Offer Predictions for Embraer S.A.’s Q4 2024 Earnings (NYSE:ERJ)

Embraer S.A. (NYSE:ERJ) – Investment analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for shares of Embraer in a note issued to investors on Tuesday, October 15th. Zacks Research analyst R. Department now forecasts that the aerospace company will earn $0.70 per share for the quarter, down from their previous forecast of $0.75. The consensus estimate for Embraer’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer’s Q1 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.08 EPS and FY2025 earnings at $2.03 EPS.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.32 EPS. Embraer’s quarterly revenue was up 15.6% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Bank of America restated a “buy” rating and set a $40.00 price objective on shares of Embraer in a research note on Tuesday, September 17th. Finally, UBS Group upped their price objective on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus target price of $34.86.

Embraer Price Performance

Shares of ERJ stock opened at $34.52 on Wednesday. Embraer has a twelve month low of $13.56 and a twelve month high of $37.30. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 23.97 and a beta of 1.69. The stock has a fifty day simple moving average of $33.90 and a two-hundred day simple moving average of $29.75. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Institutional Investors Weigh In On Embraer

Hedge funds have recently made changes to their positions in the stock. LVW Advisors LLC raised its stake in Embraer by 3.4% in the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after buying an additional 340 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Embraer by 0.6% in the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after buying an additional 385 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Embraer by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after buying an additional 390 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares during the last quarter. Finally, Marcum Wealth LLC raised its stake in Embraer by 5.4% in the third quarter. Marcum Wealth LLC now owns 10,537 shares of the aerospace company’s stock valued at $373,000 after buying an additional 537 shares during the last quarter. 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.