Wall Street analysts expect that Embraer SA (NYSE:ERJ) will report sales of $1.78 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Embraer’s earnings, with estimates ranging from $1.72 billion to $1.84 billion. Embraer posted sales of $2.03 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 12.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Embraer will report full-year sales of $1.78 billion for the current fiscal year, with estimates ranging from $5.83 billion to $5.95 billion. For the next fiscal year, analysts expect that the company will report sales of $5.69 billion per share, with estimates ranging from $5.64 billion to $5.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Embraer.
ERJ has been the topic of a number of recent analyst reports. TheStreet raised Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Bank of America set a $27.00 price target on Embraer and gave the stock a “buy” rating in a research note on Wednesday, November 1st. ValuEngine raised Embraer from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Credit Suisse Group lowered Embraer to a “hold” rating and set a $25.00 price target on the stock. in a research note on Friday, December 22nd. Finally, Deutsche Bank lowered Embraer from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a research note on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.67.
The company also recently disclosed a special dividend, which was paid on Friday, February 2nd. Stockholders of record on Thursday, December 28th were issued a dividend of $0.1079 per share. This is an increase from Embraer’s previous special dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 27th. Embraer’s dividend payout ratio is presently 15.84%.
Several hedge funds have recently added to or reduced their stakes in the company. First Allied Advisory Services Inc. increased its holdings in shares of Embraer by 11.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 20,114 shares of the aerospace company’s stock worth $367,000 after buying an additional 2,061 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Embraer by 2.2% during the 2nd quarter. Perpetual Ltd now owns 102,459 shares of the aerospace company’s stock worth $1,868,000 after buying an additional 2,200 shares during the last quarter. Community Financial Services Group LLC increased its holdings in shares of Embraer by 1.3% during the 3rd quarter. Community Financial Services Group LLC now owns 246,515 shares of the aerospace company’s stock worth $5,573,000 after buying an additional 3,275 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Embraer by 32.6% during the 2nd quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after buying an additional 3,300 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Embraer by 19.4% during the 4th quarter. Aperio Group LLC now owns 28,611 shares of the aerospace company’s stock worth $685,000 after buying an additional 4,641 shares during the last quarter. Institutional investors and hedge funds own 54.61% of the company’s stock.
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Embraer Company Profile
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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