Embraer (ERJ) Issues Earnings Results

Embraer (NYSE:ERJ) issued its earnings results on Thursday. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.10), Briefing.com reports. Embraer had a positive return on equity of 0.26% and a negative net margin of 2.43%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.19 EPS. Embraer’s quarterly revenue was down 3.6% on a year-over-year basis.

NYSE:ERJ opened at $20.41 on Friday. Embraer has a fifty-two week low of $17.99 and a fifty-two week high of $28.32. The company has a current ratio of 2.13, a quick ratio of 1.29 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.74 billion, a PE ratio of 13.43 and a beta of -0.27.

ERJ has been the topic of a number of recent analyst reports. ValuEngine cut Embraer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Morgan Stanley restated an “equal weight” rating and set a $23.50 target price (down previously from $24.50) on shares of Embraer in a report on Thursday, January 17th. Cowen restated a “hold” rating and set a $24.00 target price on shares of Embraer in a report on Thursday, January 17th. Credit Suisse Group cut Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Finally, Zacks Investment Research cut Embraer from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.75.

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Embraer by 442.9% during the 4th quarter. American Century Companies Inc. now owns 709,385 shares of the aerospace company’s stock valued at $15,699,000 after purchasing an additional 578,725 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in shares of Embraer during the 4th quarter valued at about $1,107,000. Nordea Investment Management AB lifted its holdings in shares of Embraer by 102.7% during the 4th quarter. Nordea Investment Management AB now owns 127,900 shares of the aerospace company’s stock valued at $2,830,000 after purchasing an additional 64,800 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Embraer during the 4th quarter valued at about $3,641,000. Finally, Paloma Partners Management Co bought a new position in shares of Embraer during the 4th quarter valued at about $373,000. Institutional investors and hedge funds own 43.97% of the company’s stock.

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Embraer Company Profile

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, and Other Related Businesses 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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