Embraer (ERJ) to Release Earnings on Tuesday

Embraer (NYSE:ERJ) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Embraer to post earnings of ($0.11) per share for the quarter. Embraer has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.15. Embraer had a return on equity of 2.80% and a net margin of 3.11%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.21 billion. On average, analysts expect Embraer to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Embraer Price Performance

Shares of NYSE ERJ opened at $26.96 on Friday. Embraer has a fifty-two week low of $12.48 and a fifty-two week high of $27.25. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $24.14 and its 200-day moving average price is $19.60.

Analysts Set New Price Targets

ERJ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Morgan Stanley raised their price target on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. The Goldman Sachs Group lifted their price objective on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. HSBC downgraded shares of Embraer from a “buy” rating to a “hold” rating and upped their target price for the stock from $18.00 to $19.00 in a research note on Tuesday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $28.50 price target (up previously from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

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.