$1.12 Billion in Sales Expected for Embraer S.A. (ERJ) This Quarter

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY WARNING: “$1.12 Billion in Sales Expected for Embraer S.A. (ERJ) This Quarter” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://transcriptdaily.com/2018/04/17/1-12-billion-in-sales-expected-for-embraer-s-a-erj-this-quarter.html.

About Embraer

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.

Get a free copy of the Zacks research report on Embraer (ERJ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Embraer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply