Embraer-Empresa Brasileira de Aeronautica (ERJ) Cut to “Sector Perform” at Scotiabank

Scotiabank lowered shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) from an outperform rating to a sector perform rating in a report published on Tuesday morning.

A number of other analysts also recently issued reports on ERJ. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and cut their price objective for the company from $26.00 to $18.00 in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a report on Thursday, October 12th. TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a c rating to a b- rating in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $21.00.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded up 0.10% on Tuesday, reaching $20.45. 1,189,898 shares of the company’s stock were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $17.58 and a 12 month high of $24.95. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 13.93 and a beta of 0.34. The firm’s 50-day moving average price is $22.75 and its 200 day moving average price is $20.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.56 EPS for the current fiscal year.

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The company also recently declared a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.0516 per share. 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 dividend payout ratio is 17.48%.

Several institutional investors have recently modified their holdings of ERJ. Wells Fargo & Company MN lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 41.9% during the 1st quarter. Wells Fargo & Company MN now owns 118,846 shares of the aerospace company’s stock worth $2,625,000 after acquiring an additional 35,112 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $460,000. Comer

A number of other analysts also recently issued reports on ERJ. BidaskClub raised shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a buy rating in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a sell rating and cut their price objective for the company from $26.00 to $18.00 in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a hold rating to a sell rating in a report on Thursday, October 12th. TheStreet raised shares of Embraer-Empresa Brasileira de Aeronautica from a c rating to a b- rating in a report on Thursday, August 10th. Finally, ValuEngine raised shares of Embraer-Empresa Brasileira de Aeronautica from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $21.00.

Shares of Embraer-Empresa Brasileira de Aeronautica (ERJ) traded up 0.10% on Tuesday, reaching $20.45. 1,189,898 shares of the company’s stock were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $17.58 and a 12 month high of $24.95. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 13.93 and a beta of 0.34. The firm’s 50-day moving average price is $22.75 and its 200 day moving average price is $20.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings data on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.56 EPS for the current fiscal year.

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The company also recently declared a special dividend, which was paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th were issued a dividend of $0.0516 per share. 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 dividend payout ratio is 17.48%.

Several institutional investors have recently modified their holdings of ERJ. Wells Fargo & Company MN lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 41.9% during the 1st quarter. Wells Fargo & Company MN now owns 118,846 shares of the aerospace company’s stock worth $2,625,000 after acquiring an additional 35,112 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $460,000. Comerica Bank lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% during the 1st quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after acquiring an additional 198 shares during the period. Karp Capital Management Corp bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $415,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 671.2% during the 1st quarter. JPMorgan Chase & Co. now owns 469,856 shares of the aerospace company’s stock worth $10,374,000 after acquiring an additional 408,928 shares during the period. 50.79% of the stock is owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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