FY2025 Earnings Estimate for EVE Issued By Cantor Fitzgerald

Eve Holding, Inc. (NYSE:EVEX) – Cantor Fitzgerald raised their FY2025 earnings estimates for shares of EVE in a research note issued on Wednesday, November 5th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings of ($0.71) per share for the year, up from their previous forecast of ($0.73). The consensus estimate for EVE’s current full-year earnings is ($0.50) per share. Cantor Fitzgerald also issued estimates for EVE’s FY2026 earnings at ($0.73) EPS.

EVEX has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on EVE from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of EVE in a research note on Tuesday, August 12th. Canaccord Genuity Group boosted their price target on EVE from $6.75 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EVE in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.88.

EVE Price Performance

NYSE:EVEX opened at $4.05 on Friday. The company has a quick ratio of 2.77, a current ratio of 5.21 and a debt-to-equity ratio of 0.91. EVE has a 52 week low of $2.83 and a 52 week high of $7.70. The stock’s 50-day moving average price is $4.20 and its 200-day moving average price is $4.95. The stock has a market capitalization of $1.22 billion, a PE ratio of -6.22 and a beta of 0.82.

EVE (NYSE:EVEX) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of EVE by 17.6% in the 3rd quarter. Arizona State Retirement System now owns 20,436 shares of the company’s stock valued at $78,000 after purchasing an additional 3,063 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after purchasing an additional 3,121 shares in the last quarter. Bank of America Corp DE grew its stake in shares of EVE by 18.2% during the second quarter. Bank of America Corp DE now owns 38,299 shares of the company’s stock worth $263,000 after purchasing an additional 5,908 shares in the last quarter. Rhumbline Advisers increased its holdings in EVE by 25.5% in the first quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after buying an additional 7,154 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of EVE by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 110,292 shares of the company’s stock worth $366,000 after acquiring an additional 7,222 shares in the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

About EVE

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.