Embraer (ERJ) Issues Earnings Results, Misses Estimates By $0.02 EPS

Embraer (NYSE:ERJ) released its quarterly earnings results on Wednesday. The aerospace company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), MarketWatch Earnings reports. The firm had revenue of $823.30 million for the quarter, compared to analysts’ expectations of $1.03 billion. Embraer had a negative return on equity of 2.30% and a negative net margin of 4.25%. The company’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.13) EPS.

Shares of ERJ stock traded up $0.54 during midday trading on Friday, hitting $17.69. The company had a trading volume of 2,345,597 shares, compared to its average volume of 890,005. Embraer has a 52-week low of $16.81 and a 52-week high of $27.70. The company has a market capitalization of $3.31 billion, a P/E ratio of -58.97 and a beta of -0.25. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 0.88.

Several hedge funds have recently made changes to their positions in ERJ. BlackRock Inc. boosted its stake in shares of Embraer by 10.3% in the third quarter. BlackRock Inc. now owns 600,853 shares of the aerospace company’s stock valued at $11,772,000 after buying an additional 56,048 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Embraer by 442.9% in the fourth quarter. American Century Companies Inc. now owns 709,385 shares of the aerospace company’s stock valued at $15,699,000 after buying an additional 578,725 shares in the last quarter. Community Financial Services Group LLC boosted its stake in shares of Embraer by 4.2% in the fourth quarter. Community Financial Services Group LLC now owns 271,470 shares of the aerospace company’s stock valued at $6,007,000 after buying an additional 11,025 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $112,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Embraer by 73.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 39,000 shares of the aerospace company’s stock valued at $863,000 after buying an additional 16,500 shares in the last quarter. Institutional investors own 45.70% of the company’s stock.



ERJ has been the topic of a number of research reports. Cowen restated a “hold” rating and set a $24.00 price target on shares of Embraer in a research note on Thursday, January 17th. ValuEngine downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Credit Suisse Group downgraded Embraer from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $23.50 target price (down from $24.50) on shares of Embraer in a research note on Thursday, January 17th. Finally, Zacks Investment Research downgraded Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.75.

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About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Earnings History for Embraer (NYSE:ERJ)

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