Embraer (ERJ) Set to Announce Quarterly Earnings on Friday

Embraer (NYSE:ERJ) is scheduled to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Embraer has set its FY 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, analysts expect Embraer to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Embraer Price Performance

Shares of NYSE:ERJ opened at $33.52 on Friday. The company’s fifty day moving average price is $34.44 and its 200-day moving average price is $30.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 16.12 and a beta of 1.69. Embraer has a one year low of $13.62 and a one year high of $37.30.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ERJ. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, Bank of America restated a “buy” rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.86.

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.