Embraer SA (NYSE:ERJ) Expected to Post Earnings of -$0.18 Per Share

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Wall Street brokerages expect that Embraer SA (NYSE:ERJ) will announce ($0.18) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Embraer’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.33). Embraer posted earnings per share of ($0.04) during the same quarter last year, which would suggest a negative year over year growth rate of 350%. The company is expected to announce its next quarterly earnings results on Thursday, March 12th.

On average, analysts expect that Embraer will report full-year earnings of ($0.83) per share for the current year, with EPS estimates ranging from ($1.00) to ($0.69). For the next financial year, analysts anticipate that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.44 to $0.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Embraer.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Tuesday, November 12th. The aerospace company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.32 billion. Embraer had a negative net margin of 2.59% and a negative return on equity of 3.36%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share.

A number of analysts have weighed in on the company. William Blair reiterated a “market perform” rating on shares of Embraer in a research report on Wednesday, August 14th. UBS Group reiterated a “buy” rating and issued a $21.00 price target (down from $23.00) on shares of Embraer in a research report on Thursday, November 14th. Zacks Investment Research cut Embraer from a “strong-buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Wednesday, October 16th. Finally, Cowen reiterated a “hold” rating and issued a $22.00 price target on shares of Embraer in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Embraer presently has a consensus rating of “Hold” and an average target price of $22.70.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of Embraer by 19.1% during the second quarter. Advisor Group Inc. now owns 4,334 shares of the aerospace company’s stock valued at $88,000 after acquiring an additional 694 shares during the period. Deltec Asset Management LLC lifted its stake in shares of Embraer by 4.6% during the third quarter. Deltec Asset Management LLC now owns 22,700 shares of the aerospace company’s stock valued at $392,000 after acquiring an additional 1,000 shares during the period. Earnest Partners LLC lifted its stake in shares of Embraer by 2.9% during the second quarter. Earnest Partners LLC now owns 46,050 shares of the aerospace company’s stock valued at $927,000 after acquiring an additional 1,307 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Embraer by 114,300.0% during the third quarter. Quadrant Capital Group LLC now owns 2,288 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 2,286 shares during the period. Finally, KCS Wealth Advisory lifted its stake in shares of Embraer by 5.1% during the second quarter. KCS Wealth Advisory now owns 49,792 shares of the aerospace company’s stock valued at $1,002,000 after acquiring an additional 2,433 shares during the period. 44.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of ERJ traded down $0.13 on Friday, reaching $17.72. 410,500 shares of the stock traded hands, compared to its average volume of 926,005. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -59.07 and a beta of -0.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.10 and a quick ratio of 1.14. Embraer has a 12 month low of $15.86 and a 12 month high of $23.68. The stock’s 50-day moving average price is $17.30 and its 200-day moving average price is $18.47.

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, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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