FY2024 EPS Estimates for Embraer S.A. Increased by Zacks Research (NYSE:ERJ)

Embraer S.A. (NYSE:ERJ) – Equities researchers at Zacks Research lifted their FY2024 earnings per share estimates for shares of Embraer in a research report issued to clients and investors on Tuesday, June 25th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings of $1.32 per share for the year, up from their prior estimate of $1.31. The consensus estimate for Embraer’s current full-year earnings is $1.48 per share. Zacks Research also issued estimates for Embraer’s Q4 2024 earnings at $0.86 EPS, FY2025 earnings at $2.25 EPS and FY2026 earnings at $2.87 EPS.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group reaffirmed a “neutral” rating and set a $28.50 price target (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. Morgan Stanley increased their price target on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, The Goldman Sachs Group increased their price target on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.75.

Embraer Stock Down 6.8 %

Shares of ERJ opened at $25.80 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71. The stock has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $23.03. Embraer has a 52 week low of $12.48 and a 52 week high of $31.12.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million during the quarter, compared to analyst estimates of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%.

Institutional Trading of Embraer

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Embraer by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after acquiring an additional 59,084 shares during the period. Simplicity Wealth LLC bought a new position in shares of Embraer in the first quarter worth $18,158,000. Perpetual Ltd boosted its holdings in shares of Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after acquiring an additional 292,630 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Embraer by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock worth $8,586,000 after acquiring an additional 9,809 shares during the period. Finally, TimesSquare Capital Management LLC bought a new position in shares of Embraer in the first quarter worth $10,754,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Company Profile

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.