Embraer S.A. Expected to Post Q3 2024 Earnings of $0.24 Per Share (NYSE:ERJ)

Embraer S.A. (NYSE:ERJ) – Analysts at Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for Embraer in a research report issued to clients and investors on Tuesday, October 15th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $0.24 for the quarter, up from their previous forecast of $0.19. The consensus estimate for Embraer’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer’s Q4 2025 earnings at $0.08 EPS, Q1 2026 earnings at $1.18 EPS and Q2 2026 earnings at $0.80 EPS.

Other analysts have also issued reports about the company. Bank of America reaffirmed a “buy” rating and set a $40.00 target price on shares of Embraer in a research report on Tuesday, September 17th. UBS Group lifted their price objective on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.86.

Embraer Trading Up 6.3 %

ERJ opened at $34.52 on Thursday. The firm’s 50 day moving average is $33.90 and its 200-day moving average is $29.75. Embraer has a 52-week low of $13.56 and a 52-week high of $37.30. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $6.34 billion, a P/E ratio of 23.97 and a beta of 1.69.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share.

Institutional Investors Weigh In On Embraer

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Embraer in the fourth quarter worth $30,000. Perpetual Ltd boosted its holdings in shares of Embraer by 88.4% in the 1st quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock valued at $16,614,000 after buying an additional 292,630 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Embraer by 104.9% in the 1st quarter. Harbour Capital Advisors LLC now owns 29,300 shares of the aerospace company’s stock valued at $758,000 after buying an additional 15,000 shares during the period. Deltec Asset Management LLC grew its position in shares of Embraer by 7.0% during the 1st quarter. Deltec Asset Management LLC now owns 197,750 shares of the aerospace company’s stock valued at $5,268,000 after buying an additional 13,000 shares during the last quarter. Finally, Claro Advisors LLC acquired a new stake in Embraer during the first quarter worth about $280,000. 34.65% of the stock is currently owned by institutional investors.

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.