-$0.03 Earnings Per Share Expected for Embraer SA (ERJ) This Quarter

Analysts forecast that Embraer SA (NYSE:ERJ) will post earnings of ($0.03) per share for the current quarter, Zacks reports. Two analysts have made estimates for Embraer’s earnings. The highest EPS estimate is $0.02 and the lowest is ($0.10). Embraer reported earnings per share of $0.13 during the same quarter last year, which suggests a negative year over year growth rate of 123.1%. The business is scheduled to report its next earnings report on Tuesday, May 1st.

On average, analysts expect that Embraer will report full year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.60 to $1.16. For the next fiscal year, analysts anticipate that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.36 to $1.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Embraer.

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Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, March 8th. The aerospace company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.37). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Embraer had a net margin of 4.23% and a return on equity of 6.82%. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share.

ERJ has been the topic of a number of research analyst reports. TheStreet raised shares of Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Credit Suisse Group downgraded shares of Embraer to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Friday, December 22nd. Cowen reissued a “hold” rating and set a $28.00 price objective on shares of Embraer in a research report on Thursday, March 8th. ValuEngine raised shares of Embraer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. Finally, Scotiabank reissued a “hold” rating and set a $24.00 price objective on shares of Embraer in a research report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Embraer has an average rating of “Hold” and a consensus price target of $24.43.

Shares of Embraer (ERJ) traded up $0.25 during trading on Monday, reaching $25.76. 832,499 shares of the company’s stock were exchanged, compared to its average volume of 1,358,586. The company has a current ratio of 2.53, a quick ratio of 1.76 and a debt-to-equity ratio of 0.99. The stock has a market cap of $4,684.66, a P/E ratio of 19.22, a P/E/G ratio of 1.69 and a beta of 0.16. Embraer has a fifty-two week low of $17.58 and a fifty-two week high of $28.55.

The firm also recently announced a special dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, March 20th will be given a $0.0248 dividend. The ex-dividend date of this dividend is Monday, March 19th. Embraer’s dividend payout ratio is presently 4.48%.

Several large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its position in shares of Embraer by 616.1% in the 4th quarter. Macquarie Group Ltd. now owns 684,158 shares of the aerospace company’s stock worth $16,372,000 after buying an additional 588,613 shares during the period. PEAK6 Investments L.P. grew its position in shares of Embraer by 38.5% in the 4th quarter. PEAK6 Investments L.P. now owns 111,768 shares of the aerospace company’s stock worth $2,675,000 after buying an additional 31,074 shares during the period. Guggenheim Capital LLC grew its position in shares of Embraer by 10.2% in the 4th quarter. Guggenheim Capital LLC now owns 21,897 shares of the aerospace company’s stock worth $524,000 after buying an additional 2,021 shares during the period. Deutsche Bank AG grew its position in shares of Embraer by 4,788.2% in the 4th quarter. Deutsche Bank AG now owns 185,262 shares of the aerospace company’s stock worth $4,433,000 after buying an additional 181,472 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Embraer in the 4th quarter worth about $8,542,000. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

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Embraer Company Profile

Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.

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