Stock Repurchase Plan Initiated by Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Board

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) declared that its board has authorized a stock repurchase program on Thursday, November 6th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.1%

Embraer-Empresa Brasileira de Aeronautica stock opened at $65.18 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $33.06 and a 52 week high of $67.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market capitalization of $11.97 billion, a PE ratio of 31.79, a PEG ratio of 6.09 and a beta of 1.82. The business’s 50-day simple moving average is $60.26 and its 200-day simple moving average is $54.62.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

ERJ has been the subject of a number of research analyst reports. UBS Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a “sell” rating in a report on Friday, August 15th. Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America increased their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Citigroup boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and a consensus target price of $61.17.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.