Shares of Embraer SA (NYSE:ERJ) saw unusually-high trading volume on Friday . Approximately 2,167,670 shares changed hands during mid-day trading, an increase of 122% from the previous session’s volume of 975,384 shares.The stock last traded at $23.23 and had previously closed at $22.65.
ERJ has been the subject of several recent research reports. ValuEngine downgraded Embraer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 2nd. Bradesco Corretora upgraded shares of Embraer from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Wednesday, September 26th. Sanford C. Bernstein downgraded shares of Embraer from a “market perform” rating to an “underperform” rating in a report on Monday, October 1st. Citigroup upgraded shares of Embraer to an “outperform” rating and boosted their target price for the stock from $23.00 to $28.00 in a report on Wednesday, September 26th. Finally, Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Embraer in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.25.
The firm has a market capitalization of $4.24 billion, a P/E ratio of 15.28, a PEG ratio of 1.34 and a beta of -0.09. The company has a current ratio of 2.13, a quick ratio of 1.29 and a debt-to-equity ratio of 0.94.
Embraer (NYSE:ERJ) last announced its earnings results on Tuesday, October 30th. The aerospace company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.22). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.38 billion. Embraer had a positive return on equity of 0.26% and a negative net margin of 2.43%. Equities analysts expect that Embraer SA will post -0.11 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Friday, January 18th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.0103 per share. This is a positive change from Embraer’s previous special dividend of $0.01. The ex-dividend date is Friday, December 28th. This represents a dividend yield of 0.05%. Embraer’s payout ratio is presently 7.89%.
Several hedge funds have recently modified their holdings of the company. Community Financial Services Group LLC grew its stake in shares of Embraer by 1.0% during the third quarter. Community Financial Services Group LLC now owns 260,445 shares of the aerospace company’s stock worth $5,103,000 after acquiring an additional 2,700 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Embraer by 8.3% during the third quarter. Panagora Asset Management Inc. now owns 45,051 shares of the aerospace company’s stock worth $883,000 after acquiring an additional 3,468 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Embraer by 71.3% during the third quarter. PNC Financial Services Group Inc. now owns 9,027 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 3,756 shares during the last quarter. KCS Wealth Advisory grew its stake in shares of Embraer by 17.9% during the third quarter. KCS Wealth Advisory now owns 36,466 shares of the aerospace company’s stock worth $714,000 after acquiring an additional 5,541 shares during the last quarter. Finally, Cedar Wealth Management LLC grew its stake in shares of Embraer by 5,730.0% during the third quarter. Cedar Wealth Management LLC now owns 5,830 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 5,730 shares during the last quarter. Institutional investors and hedge funds own 47.07% of the company’s stock.
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About Embraer (NYSE:ERJ)
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, Defense and Security, Executive Jets, 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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