Brokers Set Expectations for Embraer S.A.’s Q4 2024 Earnings (NYSE:ERJ)

Embraer S.A. (NYSE:ERJ) – Analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Embraer in a report issued on Monday, May 6th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.73. The consensus estimate for Embraer’s current full-year earnings is $1.36 per share.

Embraer (NYSE:ERJ) last issued its earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.27 by $0.15. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. HSBC cut Embraer from a “buy” rating to a “hold” rating and increased their price target for the stock from $18.00 to $19.00 in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their price objective on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley increased their target price on Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, UBS Group reissued a “neutral” rating and set a $28.50 price target (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus price target of $29.75.

Embraer Stock Performance

Embraer stock opened at $26.40 on Thursday. Embraer has a 12 month low of $12.48 and a 12 month high of $27.47. The company has a fifty day moving average price of $24.74 and a two-hundred day moving average price of $19.95. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91.

Institutional Investors Weigh In On Embraer

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP bought a new stake in shares of Embraer during the 3rd quarter worth about $26,000. Advisors Preferred LLC bought a new stake in Embraer during the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. acquired a new stake in Embraer in the fourth quarter worth approximately $30,000. Bruce G. Allen Investments LLC bought a new position in Embraer during the 4th quarter valued at $47,000. Finally, Blue Trust Inc. increased its position in shares of Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 1,678 shares during the period. 34.65% of the stock is currently owned by institutional investors.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.