Shares of Embraer SA (NYSE:ERJ) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.43.
Several analysts have commented on ERJ shares. TheStreet upgraded shares of Embraer from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Credit Suisse Group lowered shares of Embraer to a “hold” rating and set a $25.00 price objective for the company. in a report on Friday, December 22nd. Cowen restated a “hold” rating and issued a $28.00 price objective on shares of Embraer in a report on Thursday, March 8th. ValuEngine upgraded shares of Embraer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Finally, Scotiabank restated a “hold” rating and issued a $24.00 price objective on shares of Embraer in a report on Friday.
Hedge funds and other institutional investors have recently made changes to their positions in the business. KCS Wealth Advisory bought a new position in shares of Embraer during the fourth quarter valued at approximately $219,000. Teacher Retirement System of Texas bought a new position in shares of Embraer during the fourth quarter valued at approximately $223,000. Highbridge Capital Management LLC bought a new position in shares of Embraer during the third quarter valued at approximately $213,000. 180 Wealth Advisors LLC bought a new position in shares of Embraer during the fourth quarter valued at approximately $229,000. Finally, TD Asset Management Inc. bought a new position in shares of Embraer during the third quarter valued at approximately $237,000. 48.05% of the stock is owned by institutional investors and hedge funds.
Embraer (NYSE:ERJ) last posted its earnings results on Thursday, March 8th. The aerospace company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.37). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Embraer had a return on equity of 6.82% and a net margin of 4.23%. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. research analysts predict that Embraer will post 1.02 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.0248 per share. The ex-dividend date is Monday, March 19th. Embraer’s dividend payout ratio is 26.12%.
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Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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