Share Buyback Program Approved by Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Board

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) announced that its Board of Directors has approved a stock buyback plan on Thursday, November 6th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Citigroup upped their price target on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Moderate Buy” and a consensus target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $33.06 and a 52-week high of $67.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 6.09 and a beta of 1.82. The company’s fifty day simple moving average is $60.44 and its 200 day simple moving average is $54.86.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica 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.