Embraer (ERJ) to Release Earnings on Friday

Embraer (NYSE:ERJ) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Embraer to post earnings of $0.29 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Embraer (NYSE:ERJ) last announced its quarterly earnings results 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 net margin of 6.76% and a return on equity of 5.94%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts expect Embraer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Embraer Stock Up 3.9 %

Shares of NYSE:ERJ opened at $35.56 on Thursday. The firm has a fifty day moving average price of $34.45 and a two-hundred day moving average price of $30.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. Embraer has a one year low of $14.83 and a one year high of $37.30. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 17.10 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America reissued a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

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.