FY2024 Earnings Forecast for EVE Issued By Cantor Fitzgerald

Eve Holding, Inc. (NYSE:EVEX) – Equities researchers at Cantor Fitzgerald boosted their FY2024 earnings estimates for shares of EVE in a research note issued to investors on Tuesday, November 5th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings per share of ($0.50) for the year, up from their previous forecast of ($0.52). Cantor Fitzgerald currently has a “Overweight” rating and a $5.00 price objective on the stock. The consensus estimate for EVE’s current full-year earnings is ($0.49) per share.

Separately, HC Wainwright began coverage on shares of EVE in a report on Tuesday, September 3rd. They set a “buy” rating and a $6.00 price objective for the company.

EVE Trading Up 1.7 %

Shares of EVE stock opened at $2.97 on Friday. The stock has a fifty day moving average price of $3.10 and a 200-day moving average price of $3.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 3.87. The firm has a market cap of $861.72 million, a PE ratio of -6.19 and a beta of 0.37. EVE has a 1 year low of $2.33 and a 1 year high of $7.57.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. During the same period in the prior year, the business earned ($0.11) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVEX. SG Americas Securities LLC bought a new stake in shares of EVE in the third quarter valued at approximately $35,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in EVE during the 3rd quarter valued at $40,000. Vanguard Group Inc. raised its holdings in EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after acquiring an additional 34,484 shares during the period. Finally, Blair William & Co. IL purchased a new stake in shares of EVE during the second quarter worth $190,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.