EVE (NYSE:EVEX) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

EVE (NYSE:EVEX) released its quarterly earnings data on Monday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04), FiscalAI reports.

EVE Trading Up 0.5%

EVE stock traded up $0.02 during midday trading on Monday, reaching $2.78. The stock had a trading volume of 1,213,837 shares, compared to its average volume of 1,121,871. EVE has a twelve month low of $2.68 and a twelve month high of $7.70. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. The firm has a market cap of $966.53 million, a price-to-earnings ratio of -4.27 and a beta of 0.88. The firm’s fifty day simple moving average is $3.63 and its two-hundred day simple moving average is $4.03.

Institutional Trading of EVE

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in EVE by 167.8% during the first quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock valued at $174,000 after buying an additional 32,868 shares during the period. Strs Ohio acquired a new stake in EVE during the 1st quarter worth about $75,000. Rhumbline Advisers grew its stake in EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after acquiring an additional 7,154 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of EVE by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock valued at $1,134,000 after purchasing an additional 8,108 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of EVE in the 2nd quarter valued at about $326,000. Institutional investors and hedge funds own 1.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EVEX. The Goldman Sachs Group assumed coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 target price for the company. Cantor Fitzgerald restated an “overweight” rating on shares of EVE in a report on Monday, February 9th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, EVE has an average rating of “Hold” and an average price target of $6.47.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.