Embraer SA (ERJ) Increases Dividend to $0.05 Per Share
Embraer SA (NYSE:ERJ) declared a special dividend on Friday, September 8th, Wall Street Journal reports. Shareholders of record on Wednesday, September 20th will be given a dividend of 0.0516 per share by the aerospace company on Monday, October 16th. The ex-dividend date of this dividend is Tuesday, September 19th. This is a positive change from Embraer SA’s previous special dividend of $0.05.
Embraer SA (ERJ) traded up 0.08% during trading on Friday, reaching $23.56. 696,049 shares of the company’s stock traded hands. Embraer SA has a one year low of $17.06 and a one year high of $24.95. The firm has a market capitalization of $17.31 billion, a PE ratio of 64.02 and a beta of 0.34. The company has a 50-day moving average price of $21.15 and a 200 day moving average price of $20.75.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Embraer SA had a net margin of 3.97% and a return on equity of 6.08%. The company’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. On average, analysts anticipate that Embraer SA will post $1.61 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Embraer SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Cowen and Company reissued a “hold” rating and set a $24.00 price target on shares of Embraer SA in a research report on Wednesday. BidaskClub raised shares of Embraer SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut shares of Embraer SA from a “buy” rating to a “sell” rating and lowered their price target for the company from $26.00 to $18.00 in a research report on Thursday, August 10th. Finally, TheStreet raised shares of Embraer SA from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Embraer SA presently has an average rating of “Buy” and an average price target of $21.60.
About Embraer SA
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