Embraer (ERJ) Set to Announce Quarterly Earnings on Thursday

Embraer (NYSE:ERJ – Get Rating) is scheduled to be releasing its earnings data before the market opens on Thursday, April 28th. Analysts expect Embraer to post earnings of ($0.05) per share for the quarter. Embraer has set its FY 2022 guidance at EPS.

Embraer (NYSE:ERJ – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The aerospace company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.23. Embraer had a negative return on equity of 1.03% and a negative net margin of 1.07%. During the same period last year, the firm posted ($0.07) EPS. On average, analysts expect Embraer to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Embraer stock opened at $12.05 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.38 and a debt-to-equity ratio of 1.24. Embraer has a 12 month low of $10.08 and a 12 month high of $19.40. The stock’s 50 day simple moving average is $12.75 and its two-hundred day simple moving average is $14.83. The firm has a market cap of $2.22 billion, a PE ratio of -48.20, a P/E/G ratio of 8.55 and a beta of 1.18.

A number of hedge funds and other institutional investors have recently bought and sold shares of ERJ. Two Sigma Advisers LP acquired a new stake in shares of Embraer in the 3rd quarter worth $214,000. Thrivent Financial for Lutherans increased its stake in shares of Embraer by 12.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 32,412 shares of the aerospace company’s stock worth $575,000 after acquiring an additional 3,568 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Embraer in the 4th quarter worth $1,420,000. Invesco Ltd. increased its stake in shares of Embraer by 9.0% in the 3rd quarter. Invesco Ltd. now owns 88,917 shares of the aerospace company’s stock worth $1,512,000 after acquiring an additional 7,331 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Embraer by 46.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 109,526 shares of the aerospace company’s stock worth $1,944,000 after acquiring an additional 34,957 shares during the last quarter. 36.50% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on ERJ. StockNews.com assumed coverage on Embraer in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley raised Embraer from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $20.00 to $23.00 in a research note on Thursday, January 20th. Finally, Zacks Investment Research raised Embraer from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.89.

About Embraer (Get Rating)

Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Defense and Security; Executive Jets; Service & Support; and Other segments. The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems.

See Also