FY2024 EPS Estimates for Embraer S.A. (NYSE:ERJ) Raised by Analyst

Embraer S.A. (NYSE:ERJ) – Stock analysts at Zacks Research raised their FY2024 earnings estimates for shares of Embraer in a research note issued to investors on Tuesday, June 25th. Zacks Research analyst R. Department now expects that the aerospace company will earn $1.32 per share for the year, up from their prior forecast of $1.31. The consensus estimate for Embraer’s current full-year earnings is $1.47 per share. Zacks Research also issued estimates for Embraer’s Q4 2024 earnings at $0.86 EPS, FY2025 earnings at $2.25 EPS and FY2026 earnings at $2.87 EPS.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%.

Several other research firms have also commented on ERJ. JPMorgan Chase & Co. increased their target price on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. The Goldman Sachs Group increased their target price on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. UBS Group reaffirmed a “neutral” rating and set a $28.50 target price (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Finally, Morgan Stanley increased their target price on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer Trading Down 0.5 %

Shares of NYSE:ERJ opened at $27.40 on Thursday. The company’s fifty day moving average price is $27.56 and its 200-day moving average price is $22.96. Embraer has a one year low of $12.48 and a one year high of $31.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71.

Institutional Investors Weigh In On Embraer

Several institutional investors and hedge funds have recently modified their holdings of ERJ. UBS Group AG lifted its position in shares of Embraer by 16.9% in the 3rd quarter. UBS Group AG now owns 233,941 shares of the aerospace company’s stock worth $3,210,000 after purchasing an additional 33,799 shares during the period. Citigroup Inc. lifted its position in shares of Embraer by 18.9% in the 3rd quarter. Citigroup Inc. now owns 62,876 shares of the aerospace company’s stock worth $863,000 after purchasing an additional 10,014 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Embraer by 74.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 298,070 shares of the aerospace company’s stock worth $4,090,000 after purchasing an additional 127,675 shares during the period. Hsbc Holdings PLC lifted its position in shares of Embraer by 13.1% in the 3rd quarter. Hsbc Holdings PLC now owns 15,982 shares of the aerospace company’s stock worth $219,000 after purchasing an additional 1,850 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Embraer by 29.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 25,991 shares of the aerospace company’s stock worth $357,000 after purchasing an additional 5,921 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.