Embraer (NYSE:ERJ) released its quarterly earnings data on Wednesday. The aerospace company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), MarketWatch Earnings reports. The firm had revenue of $823.30 million during the quarter, compared to analysts’ expectations of $1.03 billion. Embraer had a negative return on equity of 2.30% and a negative net margin of 4.25%. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) earnings per share.
Shares of ERJ traded up $0.45 during midday trading on Friday, hitting $17.60. The stock had a trading volume of 38,066 shares, compared to its average volume of 673,407. Embraer has a 1 year low of $16.81 and a 1 year high of $27.70. The company has a market cap of $3.31 billion, a P/E ratio of -58.77 and a beta of -0.25. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 0.88.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of Embraer by 36.0% during the 1st quarter. Quadrant Capital Group LLC now owns 2,508 shares of the aerospace company’s stock valued at $46,000 after buying an additional 664 shares during the period. SG Americas Securities LLC acquired a new position in shares of Embraer in the 4th quarter worth approximately $112,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Embraer by 22.8% in 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 in the last quarter. National Asset Management Inc. acquired a new position in shares of Embraer in the 4th quarter worth approximately $209,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Embraer by 5.9% in 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 in the last quarter. 45.70% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the company. Cowen restated a “hold” rating and set a $24.00 price objective on shares of Embraer in a research note on Thursday, January 17th. Morgan Stanley reissued an “equal weight” rating and issued a $23.50 target price (down previously from $24.50) on shares of Embraer in a report on Thursday, January 17th. Credit Suisse Group downgraded shares of Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Embraer from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Finally, ValuEngine downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Embraer currently has a consensus rating of “Hold” and a consensus price target of $26.75.
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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