Embraer (ERJ) Posts Earnings Results, Misses Expectations By $0.10 EPS

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Embraer (NYSE:ERJ) issued its quarterly 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. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. Embraer had a positive return on equity of 0.26% and a negative net margin of 2.43%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share.

NYSE ERJ traded down $0.46 on Thursday, reaching $19.17. 25,993 shares of the company were exchanged, compared to its average volume of 792,648. The firm has a market capitalization of $3.61 billion, a P/E ratio of 12.58 and a beta of -0.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.29 and a current ratio of 2.13. Embraer has a fifty-two week low of $17.99 and a fifty-two week high of $28.32.

ERJ has been the topic of a number of research analyst reports. Morgan Stanley lowered Embraer from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $24.50 to $24.00 in a research note on Wednesday, January 16th. Credit Suisse Group lowered Embraer from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. ValuEngine lowered Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Cowen reissued a “hold” rating and set a $24.00 price objective on shares of Embraer in a research note on Thursday, January 17th. Finally, Zacks Investment Research lowered Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Embraer currently has an average rating of “Hold” and an average price target of $26.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brandes Investment Partners LP boosted its stake in Embraer by 11.5% during the third quarter. Brandes Investment Partners LP now owns 18,005,367 shares of the aerospace company’s stock worth $357,686,000 after buying an additional 1,863,954 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Embraer by 13.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,581,737 shares of the aerospace company’s stock worth $109,346,000 after buying an additional 653,500 shares during the last quarter. Holowesko Partners Ltd. boosted its stake in Embraer by 62.6% during the third quarter. Holowesko Partners Ltd. now owns 2,294,250 shares of the aerospace company’s stock worth $44,944,000 after buying an additional 883,000 shares during the last quarter. Morgan Stanley boosted its stake in Embraer by 2,209.4% during the third quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock worth $22,758,000 after buying an additional 1,111,383 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Embraer by 265.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,043,600 shares of the aerospace company’s stock worth $23,095,000 after buying an additional 757,700 shares during the last quarter. 43.97% of the stock is currently owned by institutional investors.

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About Embraer

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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