Embraer SA (NYSE:ERJ) announced a special dividend on Friday, December 15th, Wall Street Journal reports. Investors of record on Thursday, December 28th will be paid a dividend of 0.1079 per share by the aerospace company on Friday, February 2nd. The ex-dividend date is Wednesday, December 27th. This is a boost from Embraer’s previous special dividend of $0.05.
Embraer has raised its dividend payment by an average of 3.6% annually over the last three years.
Shares of Embraer (NYSE ERJ) traded down $0.18 on Friday, hitting $25.35. 1,240,301 shares of the company traded hands, compared to its average volume of 2,450,000. Embraer has a 12 month low of $17.58 and a 12 month high of $27.45. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $4,670.00, a P/E ratio of 11.32, a P/E/G ratio of 1.60 and a beta of 0.32.
Embraer (NYSE:ERJ) last issued its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Embraer had a net margin of 6.63% and a return on equity of 10.65%. equities analysts predict that Embraer will post 1.81 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on ERJ shares. Zacks Investment Research cut shares of Embraer from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Deutsche Bank cut shares of Embraer from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research note on Tuesday, October 17th. Scotiabank downgraded shares of Embraer from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Credit Suisse Group upgraded shares of Embraer from a “neutral” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, Santander downgraded shares of Embraer from a “hold” rating to an “underperform” rating in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Embraer presently has a consensus rating of “Hold” and an average price target of $22.67.
Embraer Company Profile
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