Analysts expect Embraer S.A. (NYSE:ERJ) to report $1.12 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Embraer’s earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.14 billion. Embraer reported sales of $1.03 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is scheduled to announce its next earnings report before the market opens on Friday, April 27th.
According to Zacks, analysts expect that Embraer will report full-year sales of $5.70 billion for the current fiscal year, with estimates ranging from $5.63 billion to $5.73 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.66 billion per share, with estimates ranging from $6.39 billion to $6.92 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Embraer.
Embraer (NYSE:ERJ) last released its earnings results on Thursday, March 8th. The aerospace company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.37). The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. Embraer had a net margin of 4.23% and a return on equity of 6.82%. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 EPS.
Several equities analysts have commented on the stock. ValuEngine cut shares of Embraer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 3rd. Scotiabank reissued a “hold” rating and set a $24.00 target price on shares of Embraer in a research note on Friday, March 9th. Credit Suisse Group reissued an “outperform” rating and set a $30.00 target price (up previously from $25.00) on shares of Embraer in a research note on Friday, March 9th. Cowen reissued a “hold” rating and set a $28.00 target price on shares of Embraer in a research note on Monday, January 22nd. Finally, TheStreet raised shares of Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.43.
Embraer stock opened at $26.78 on Friday. The stock has a market cap of $4,943.59, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.78 and a beta of 0.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.76 and a current ratio of 2.53. Embraer has a 52 week low of $17.58 and a 52 week high of $28.55.
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Thursday, April 26th will be paid a $0.072 dividend. The ex-dividend date is Wednesday, April 25th. This represents a dividend yield of 0.27%. Embraer’s dividend payout ratio is currently 3.95%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mondrian Investment Partners LTD grew its stake in shares of Embraer by 72.6% in the 4th quarter. Mondrian Investment Partners LTD now owns 18,728,759 shares of the aerospace company’s stock worth $448,179,000 after purchasing an additional 7,877,076 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Embraer by 3.1% in the 4th quarter. Brandes Investment Partners LP now owns 18,089,729 shares of the aerospace company’s stock worth $432,887,000 after purchasing an additional 539,953 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Embraer by 9.5% in 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. Oldfield Partners LLP grew its stake in shares of Embraer by 11.9% in the 4th quarter. Oldfield Partners LLP now owns 3,679,465 shares of the aerospace company’s stock worth $88,050,000 after purchasing an additional 392,200 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Embraer in the 4th quarter worth approximately $25,940,000. 48.06% of the stock is currently owned by institutional investors.
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Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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