Embraer SA Expected to Post Q1 2017 Earnings of $0.17 Per Share (ERJ)
Embraer SA (NYSE:ERJ) – Investment analysts at William Blair cut their Q1 2017 EPS estimates for shares of Embraer SA in a research report issued on Wednesday. William Blair analyst N. Heymann now anticipates that the aerospace company will earn $0.17 per share for the quarter, down from their prior estimate of $0.23. William Blair also issued estimates for Embraer SA’s FY2017 earnings at $1.95 EPS and FY2018 earnings at $1.99 EPS.
ERJ has been the subject of a number of other research reports. Cowen and Company reaffirmed a “buy” rating and issued a $27.00 price target on shares of Embraer SA in a research report on Thursday, April 13th. TheStreet cut Embraer SA from a “b-” rating to a “c+” rating in a research report on Wednesday, April 5th. Finally, Zacks Investment Research raised Embraer SA from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, February 7th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.33.
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Embraer SA (NYSE:ERJ) opened at 20.02 on Thursday. The stock has a market capitalization of $14.71 billion, a P/E ratio of 79.13 and a beta of 0.56. The company’s 50-day moving average price is $22.54 and its 200 day moving average price is $21.13. Embraer SA has a 52-week low of $17.06 and a 52-week high of $25.01.
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Embraer SA (NYSE:ERJ) last released its earnings results on Thursday, March 9th. The aerospace company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.35. Embraer SA had a return on equity of 3.93% and a net margin of 1.31%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Embraer SA by 12.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,343 shares of the aerospace company’s stock worth $103,000 after buying an additional 600 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Embraer SA by 23.8% in the third quarter. JFS Wealth Advisors LLC now owns 6,189 shares of the aerospace company’s stock worth $107,000 after buying an additional 1,191 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Embraer SA by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,327 shares of the aerospace company’s stock worth $142,000 after buying an additional 570 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Embraer SA by 286.8% in the third quarter. Tower Research Capital LLC TRC now owns 9,056 shares of the aerospace company’s stock worth $156,000 after buying an additional 6,715 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Embraer SA by 129.5% in the third quarter. PNC Financial Services Group Inc. now owns 9,276 shares of the aerospace company’s stock worth $161,000 after buying an additional 5,235 shares in the last quarter. 50.06% of the stock is owned by institutional investors.
The business also recently declared an annual dividend, which will be paid on Wednesday, May 17th. Shareholders of record on Thursday, April 27th will be given a $0.132 dividend. The ex-dividend date of this dividend is Tuesday, April 25th. This represents a dividend yield of 0.65%. This is a boost from Embraer SA’s previous annual dividend of $0.04.
About Embraer SA
Embraer SA is a Brazil-based company that produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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