Cantor Fitzgerald Research Analysts Decrease Earnings Estimates for Eve Holding, Inc. (NYSE:EVEX)

Eve Holding, Inc. (NYSE:EVEX – Get Rating) – Investment analysts at Cantor Fitzgerald cut their FY2023 earnings per share (EPS) estimates for shares of EVE in a research note issued on Wednesday, May 10th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($0.48) per share for the year, down from their prior forecast of ($0.44). Cantor Fitzgerald has a “Neutral” rating and a $7.00 price objective on the stock. The consensus estimate for EVE’s current full-year earnings is ($0.44) per share.

EVE (NYSE:EVEX – Get Rating) last announced its quarterly earnings data on Thursday, March 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03.

EVEX has been the subject of several other research reports. JPMorgan Chase & Co. started coverage on EVE in a report on Wednesday, March 1st. They issued an “overweight” rating and a $8.00 price objective for the company. TD Cowen started coverage on EVE in a report on Monday, April 24th. They issued a “market perform” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.43.

EVE Price Performance

Shares of NYSE:EVEX opened at $8.03 on Monday. The company has a market capitalization of $2.16 billion, a PE ratio of -22.94 and a beta of 0.50. The business has a fifty day moving average price of $6.99 and a two-hundred day moving average price of $7.50. EVE has a 1 year low of $5.10 and a 1 year high of $13.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in EVE stock. UBS Group AG raised its stake in shares of Eve Holding, Inc. (NYSE:EVEX – Get Rating) by 55.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,384 shares of the company’s stock after buying an additional 9,068 shares during the quarter. UBS Group AG’s holdings in EVE were worth $184,000 at the end of the most recent reporting period.

EVE Company Profile

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Eve Holding, Inc develops urban air mobility solutions. It is involved in the design and production of eVTOLs; provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.