Embraer SA (NYSE:ERJ) declared a special dividend on Wednesday, March 7th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be given a dividend of 0.0248 per share by the aerospace company on Wednesday, April 18th. The ex-dividend date is Monday, March 19th.
Embraer has increased its dividend payment by an average of 3.6% per year over the last three years.
Embraer (ERJ) traded down $0.66 on Wednesday, hitting $25.89. The stock had a trading volume of 712,693 shares, compared to its average volume of 1,424,446. Embraer has a 1-year low of $17.58 and a 1-year high of $28.55. The stock has a market capitalization of $4,928.90, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.69 and a beta of 0.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.76 and a current ratio of 2.53.
Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, March 8th. The aerospace company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.37). Embraer had a return on equity of 6.82% and a net margin of 4.23%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The company’s quarterly revenue was down 14.5% on a year-over-year basis. research analysts expect that Embraer will post 0.93 earnings per share for the current year.
ERJ has been the subject of several research analyst reports. TheStreet upgraded Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Credit Suisse Group lowered Embraer to a “hold” rating and set a $25.00 price target for the company. in a research report on Friday, December 22nd. Cowen restated a “hold” rating and set a $28.00 price target on shares of Embraer in a research report on Thursday, March 8th. ValuEngine upgraded Embraer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Finally, Scotiabank reiterated a “hold” rating and issued a $24.00 target price on shares of Embraer in a report on Friday, March 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.43.
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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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