FY2025 Earnings Forecast for EVE Issued By Cantor Fitzgerald

Eve Holding, Inc. (NYSE:EVEX) – Cantor Fitzgerald upped their FY2025 earnings per share (EPS) estimates for shares of EVE in a research note issued to investors on Wednesday, November 5th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($0.71) per share for the year, up from their prior forecast of ($0.73). The consensus estimate for EVE’s current full-year earnings is ($0.50) per share. Cantor Fitzgerald also issued estimates for EVE’s FY2026 earnings at ($0.73) EPS.

A number of other research firms have also issued reports on EVEX. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on EVE from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday. Canaccord Genuity Group increased their target price on EVE from $6.75 to $7.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, BTIG Research restated a “neutral” rating on shares of EVE in a report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EVE presently has a consensus rating of “Hold” and a consensus target price of $6.88.

EVE Stock Performance

Shares of EVE stock opened at $4.05 on Friday. The firm’s fifty day simple moving average is $4.20 and its 200-day simple moving average is $4.95. EVE has a 12 month low of $2.83 and a 12 month high of $7.70. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -6.22 and a beta of 0.82. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 2.77.

EVE (NYSE:EVEX) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01.

Institutional Trading of EVE

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in EVE by 17.6% during the 3rd quarter. Arizona State Retirement System now owns 20,436 shares of the company’s stock worth $78,000 after buying an additional 3,063 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of EVE by 144.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after acquiring an additional 3,121 shares in the last quarter. Bank of America Corp DE lifted its stake in EVE by 18.2% during the second quarter. Bank of America Corp DE now owns 38,299 shares of the company’s stock worth $263,000 after purchasing an additional 5,908 shares during the last quarter. Rhumbline Advisers boosted its holdings in EVE by 25.5% in the first quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock worth $117,000 after purchasing an additional 7,154 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in EVE by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 110,292 shares of the company’s stock worth $366,000 after purchasing an additional 7,222 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.