Zacks: Brokerages Anticipate Embraer SA (ERJ) Will Announce Earnings of $0.07 Per Share

Wall Street brokerages predict that Embraer SA (NYSE:ERJ) will announce $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Embraer’s earnings, with estimates ranging from ($0.03) to $0.18. Embraer posted earnings of $0.41 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 82.9%. The business is expected to announce its next quarterly earnings results on Monday, October 29th.

According to Zacks, analysts expect that Embraer will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.46) to $0.74. For the next year, analysts expect that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $0.60 to $1.43. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Embraer.

Embraer (NYSE:ERJ) last announced its earnings results on Tuesday, July 31st. The aerospace company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.13). Embraer had a net margin of 0.12% and a return on equity of 2.78%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was down 29.0% on a year-over-year basis.

ERJ has been the topic of several research reports. Drexel Hamilton lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. TheStreet downgraded Embraer from a “b-” rating to a “c+” rating in a research note on Tuesday, June 5th. Morgan Stanley reissued a “hold” rating on shares of Embraer in a research note on Friday, July 6th. William Blair reissued a “hold” rating on shares of Embraer in a research note on Friday, July 6th. Finally, Bank of America increased their price target on Embraer from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, July 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Embraer currently has an average rating of “Hold” and an average price target of $25.63.

Several institutional investors have recently made changes to their positions in ERJ. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Embraer by 319.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 272,573 shares of the aerospace company’s stock valued at $6,787,000 after buying an additional 207,598 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Embraer in the second quarter valued at $4,956,000. Sei Investments Co. lifted its holdings in shares of Embraer by 164.9% during the first quarter. Sei Investments Co. now owns 318,226 shares of the aerospace company’s stock valued at $8,274,000 after purchasing an additional 198,083 shares during the last quarter. AMS Capital Ltda purchased a new stake in shares of Embraer during the second quarter valued at $3,113,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Embraer by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,689,065 shares of the aerospace company’s stock valued at $91,898,000 after purchasing an additional 99,688 shares during the last quarter. Institutional investors and hedge funds own 47.83% of the company’s stock.

Shares of ERJ traded up $0.19 during trading on Friday, reaching $18.41. The company’s stock had a trading volume of 774,519 shares, compared to its average volume of 872,166. Embraer has a twelve month low of $17.99 and a twelve month high of $28.55. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 2.86 and a beta of 0.07. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 1.01.

About Embraer

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, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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