Brokerages Expect Embraer SA (ERJ) Will Announce Quarterly Sales of $1.78 Billion

Equities analysts expect Embraer SA (NYSE:ERJ) to report sales of $1.78 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Embraer’s earnings. The highest sales estimate is $1.84 billion and the lowest is $1.72 billion. Embraer posted sales of $2.03 billion in the same quarter last year, which indicates a negative year over year growth rate of 12.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 8th.

On average, analysts expect that Embraer will report full-year sales of $1.78 billion for the current year, with estimates ranging from $5.83 billion to $5.95 billion. For the next fiscal year, analysts forecast that the firm will post sales of $5.69 billion per share, with estimates ranging from $5.64 billion to $5.74 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Embraer.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.30 by $0.11. Embraer had a net margin of 6.63% and a return on equity of 10.65%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion.

Several equities research analysts have commented on ERJ shares. TheStreet lowered shares of Embraer from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Santander lowered shares of Embraer from a “hold” rating to an “underperform” rating in a report on Monday, October 30th. ValuEngine lowered shares of Embraer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 3rd. Credit Suisse Group lowered shares of Embraer to a “hold” rating and set a $25.00 price target on the stock. in a report on Friday, December 22nd. Finally, Deutsche Bank lowered shares of Embraer from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.67.

Several hedge funds have recently bought and sold shares of the company. Mondrian Investment Partners LTD boosted its stake in shares of Embraer by 72.6% during the 4th quarter. Mondrian Investment Partners LTD now owns 18,728,759 shares of the aerospace company’s stock worth $448,179,000 after acquiring an additional 7,877,076 shares in the last quarter. Community Financial Services Group LLC boosted its stake in shares of Embraer by 3.2% during the 4th quarter. Community Financial Services Group LLC now owns 254,370 shares of the aerospace company’s stock worth $6,088,000 after acquiring an additional 7,855 shares in the last quarter. Oldfield Partners LLP boosted its stake in shares of Embraer by 11.9% during the 4th quarter. Oldfield Partners LLP now owns 3,679,465 shares of the aerospace company’s stock worth $88,050,000 after acquiring an additional 392,200 shares in the last quarter. KCS Wealth Advisory purchased a new stake in shares of Embraer during the 4th quarter worth about $219,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Embraer by 9.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,115,296 shares of the aerospace company’s stock worth $138,267,000 after purchasing an additional 531,605 shares during the last quarter. 50.09% of the stock is currently owned by institutional investors and hedge funds.

Embraer (NYSE:ERJ) traded up $0.18 during trading hours on Friday, reaching $24.68. 1,711,493 shares of the company’s stock traded hands, compared to its average volume of 2,530,000. Embraer has a one year low of $17.58 and a one year high of $27.45. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. The stock has a market capitalization of $4,530.00, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.54 and a beta of 0.32.

The company also recently announced a special dividend, which will be paid on Friday, February 2nd. Stockholders of record on Thursday, December 28th will be paid a dividend of $0.1079 per share. This is a positive change from Embraer’s previous special dividend of $0.05. The ex-dividend date of this dividend is Wednesday, December 27th. Embraer’s dividend payout ratio is presently 15.11%.

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About Embraer

Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.

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