Embraer (NYSE:ERJ) issued its quarterly earnings results on Wednesday. The aerospace company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), MarketWatch Earnings reports. The company had revenue of $823.30 million during the quarter, compared to analyst estimates of $1.03 billion. Embraer had a negative net margin of 4.25% and a negative return on equity of 2.30%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.13) EPS.
ERJ traded up $0.54 during trading on Friday, reaching $17.69. 2,345,597 shares of the company’s stock were exchanged, compared to its average volume of 890,005. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.51 and a current ratio of 2.33. Embraer has a fifty-two week low of $16.81 and a fifty-two week high of $27.70. The firm has a market capitalization of $3.31 billion, a PE ratio of -58.97 and a beta of -0.25.
A number of analysts recently weighed in on ERJ shares. Zacks Investment Research lowered shares of Embraer from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Morgan Stanley reissued an “equal weight” rating and issued a $23.50 price target (down previously from $24.50) on shares of Embraer in a report on Thursday, January 17th. ValuEngine lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Cowen reissued a “hold” rating and issued a $24.00 price target on shares of Embraer in a report on Thursday, January 17th. Finally, Credit Suisse Group lowered shares of Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.75.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Quadrant Capital Group LLC grew its holdings in Embraer by 36.0% during the 1st quarter. Quadrant Capital Group LLC now owns 2,508 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 664 shares during the period. SG Americas Securities LLC acquired a new stake in Embraer during the 4th quarter worth $112,000. Northwestern Mutual Wealth Management Co. grew its holdings in Embraer by 22.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,222 shares of the aerospace company’s stock worth $137,000 after acquiring an additional 1,340 shares during the period. National Asset Management Inc. acquired a new stake in Embraer during the 4th quarter worth $209,000. Finally, PNC Financial Services Group Inc. grew its holdings in Embraer by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the aerospace company’s stock worth $213,000 after acquiring an additional 534 shares during the period. 45.70% of the stock is owned by hedge funds and other institutional investors.
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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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