Embraer SA (ERJ) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS
Embraer SA (NYSE:ERJ) posted its quarterly earnings results on Thursday. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.07, Analyst Ratings.Net reports. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.68 billion. The company’s quarterly revenue was up 13.1% on a year-over-year basis.
Embraer SA (NYSE:ERJ) traded down 2.70% during mid-day trading on Thursday, hitting $37.55. The stock had a trading volume of 680,420 shares. Embraer SA has a 52 week low of $28.31 and a 52 week high of $40.37. The stock’s 50-day moving average is $37.60 and its 200-day moving average is $35.08. The company has a market cap of $6.883 billion and a price-to-earnings ratio of 16.21.
A number of research firms have recently commented on ERJ. Analysts at Deutsche Bank raised their price target on shares of Embraer SA from $40.00 to $44.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Embraer SA in a research note on Tuesday, June 3rd. They now have a $41.10 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Embraer SA in a research note on Friday, May 2nd. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.18.
Embraer SA is a Brazil-based holding company primarily engaged in the manufacture of aircrafts. The Company’s business activities are divided into three business segments: Commercial Aviation; Defense and Security Business, and Executive Aviation.
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