Embraer (NYSE:ERJ) Trading Up 5.8% Following Better-Than-Expected Earnings

Embraer S.A. (NYSE:ERJ) shot up 5.8% on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $45.38 and last traded at $45.36. 751,455 shares traded hands during trading, a decline of 39% from the average session volume of 1,236,136 shares. The stock had previously closed at $42.89.

The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ERJ. Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the 4th quarter worth about $37,000. Colonial Trust Co SC bought a new position in shares of Embraer in the 4th quarter valued at about $42,000. Lindbrook Capital LLC increased its position in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Embraer during the fourth quarter worth about $71,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Up 10.8 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a 50-day moving average of $40.02 and a 200 day moving average of $36.94. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 17.47 and a beta of 1.71.

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.