Embraer-Empresa Brasileira de Aeronautica (ERJ) Issues Earnings Results, Beats Estimates By $0.11 EPS

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) posted its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11, MarketWatch Earnings reports. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 10.65% and a net margin of 6.63%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at $19.12 on Friday. The stock has a market capitalization of $3,511.20, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.62 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $17.58 and a 1 year high of $24.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67.

The firm also recently disclosed a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were given a $0.0516 dividend. The ex-dividend date of this dividend was Tuesday, September 19th. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is currently 11.31%.

Several institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 29.7% in the third quarter. Wells Fargo & Company MN now owns 81,591 shares of the aerospace company’s stock worth $1,845,000 after acquiring an additional 18,681 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 540,591 shares of the aerospace company’s stock valued at $12,255,000 after buying an additional 56,937 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Embraer-Empresa Brasileira de Aeronautica by 162.2% during the third quarter. Great West Life Assurance Co. Can now owns 50,230 shares of the aerospace company’s stock valued at $1,136,000 after buying an additional 31,072 shares in the last quarter. TD Asset Management Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $237,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the third quarter valued at approximately $262,000. Institutional investors own 50.67% of the company’s stock.

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ERJ has been the subject of a number of analyst reports. TheStreet upgraded Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. ValuEngine cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Bank of America Corporation set a $27.00 price target on Embraer-Empresa Brasileira de Aeronautica and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

About Embraer-Empresa Brasileira de Aeronautica

Earnings History for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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