Shares of Embraer S.A. (NYSE:ERJ) have earned an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.43.
ERJ has been the subject of several analyst reports. Cowen reissued a “hold” rating and issued a $28.00 price target on shares of Embraer in a research note on Thursday, March 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $30.00 price objective (up previously from $25.00) on shares of Embraer in a research report on Friday, March 9th. ValuEngine raised shares of Embraer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. Scotiabank reaffirmed a “hold” rating and set a $24.00 price objective on shares of Embraer in a research report on Friday, March 9th. Finally, Citigroup cut shares of Embraer from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 25th.
Shares of Embraer traded down $0.27, hitting $25.01, during mid-day trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 433,622 shares, compared to its average volume of 1,229,131. Embraer has a 12-month low of $17.90 and a 12-month high of $28.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.43 and a quick ratio of 1.59. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.16.
Embraer (NYSE:ERJ) last posted its quarterly earnings results on Friday, April 27th. The aerospace company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12). Embraer had a net margin of 3.31% and a return on equity of 5.59%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $951.24 million. During the same period last year, the company earned $0.13 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. equities analysts expect that Embraer will post 0.94 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 29th. Investors of record on Thursday, April 26th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a dividend yield of 0.27%. Embraer’s payout ratio is currently 21.05%.
Large investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Embraer by 77.8% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,691 shares of the aerospace company’s stock worth $148,000 after purchasing an additional 2,491 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Embraer during the 4th quarter worth approximately $223,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Embraer during the 1st quarter worth approximately $247,000. 180 Wealth Advisors LLC acquired a new stake in Embraer during the 4th quarter worth approximately $229,000. Finally, Guggenheim Capital LLC lifted its holdings in Embraer by 10.2% during 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 in the last quarter. 48.08% of the stock is owned by hedge funds and other institutional investors.
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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