Embraer SA (ERJ) Expected to Announce Quarterly Sales of $1.45 Billion
Equities research analysts expect that Embraer SA (NYSE:ERJ) will announce sales of $1.45 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Embraer SA’s earnings, with estimates ranging from $1.45 billion to $1.46 billion. Embraer SA reported sales of $1.37 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.8%. The firm is expected to report its next quarterly earnings results on Friday, August 4th.
On average, analysts expect that Embraer SA will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $5.75 billion to $5.97 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.9 billion per share, with estimates ranging from $5.79 billion to $6.1 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Embraer SA.
Embraer SA (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, May 2nd. The aerospace company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. Embraer SA had a return on equity of 3.93% and a net margin of 1.31%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion.
A number of equities research analysts recently weighed in on the stock. Cowen and Company restated a “buy” rating and set a $27.00 price objective on shares of Embraer SA in a research note on Thursday, April 13th. Zacks Investment Research cut shares of Embraer SA from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Finally, TheStreet cut shares of Embraer SA from a “b-” rating to a “c+” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.33.
Embraer SA (NYSE:ERJ) opened at 20.13 on Friday. The firm has a market capitalization of $14.81 billion, a PE ratio of 140.77 and a beta of 0.56. The stock’s 50 day moving average is $19.82 and its 200-day moving average is $21.14. Embraer SA has a 1-year low of $17.06 and a 1-year high of $24.95.
The business also recently disclosed an annual dividend, which was paid on Wednesday, May 17th. Investors of record on Thursday, April 27th were paid a dividend of $0.132 per share. This is a boost from Embraer SA’s previous annual dividend of $0.04. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend was Tuesday, April 25th.
Several large investors have recently modified their holdings of the stock. Global X Management Co. LLC boosted its stake in shares of Embraer SA by 1.4% in the first quarter. Global X Management Co. LLC now owns 7,352 shares of the aerospace company’s stock worth $162,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Embraer SA by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after buying an additional 152 shares in the last quarter. Comerica Bank boosted its stake in shares of Embraer SA by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after buying an additional 198 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Embraer SA by 1.9% in the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock worth $255,000 after buying an additional 211 shares in the last quarter. Finally, 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. Institutional investors and hedge funds own 50.06% of the company’s stock.
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