Embraer (ERJ) Announces Earnings Results

Embraer (NYSE:ERJ) announced its quarterly earnings data on Wednesday. The aerospace company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02), MarketWatch Earnings reports. Embraer had a negative net margin of 4.25% and a negative return on equity of 2.30%. The business had revenue of $823.30 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business posted ($0.13) earnings per share. Embraer’s revenue was down 14.3% compared to the same quarter last year.

Shares of NYSE ERJ traded up $0.54 during midday trading on Friday, reaching $17.69. 2,345,597 shares of the stock were exchanged, compared to its average volume of 673,407. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -58.97 and a beta of -0.25. Embraer has a 12 month low of $16.81 and a 12 month high of $27.70. The company has a quick ratio of 1.51, a current ratio of 2.33 and a debt-to-equity ratio of 0.88.

A number of institutional investors and hedge funds have recently bought and sold shares of ERJ. Oldfield Partners LLP lifted its position in Embraer by 87.3% in the 1st quarter. Oldfield Partners LLP now owns 6,114,479 shares of the aerospace company’s stock valued at $116,236,000 after acquiring an additional 2,849,714 shares in the last quarter. Brandes Investment Partners LP increased its stake in Embraer by 11.5% in the 1st quarter. Brandes Investment Partners LP now owns 19,931,834 shares of the aerospace company’s stock valued at $382,802,000 after buying an additional 2,054,130 shares during the last quarter. Morgan Stanley increased its stake in Embraer by 2,209.4% in the 3rd quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock valued at $22,758,000 after buying an additional 1,111,383 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in Embraer by 6.8% in the 1st quarter. Mondrian Investment Partners LTD now owns 12,514,178 shares of the aerospace company’s stock valued at $237,895,000 after buying an additional 793,230 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Embraer by 265.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,043,600 shares of the aerospace company’s stock valued at $23,095,000 after buying an additional 757,700 shares during the last quarter. 45.70% of the stock is currently owned by institutional investors and hedge funds.

ERJ has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $23.50 price objective (down from $24.50) on shares of Embraer in a research note on Thursday, January 17th. ValuEngine cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Credit Suisse Group cut shares of Embraer from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Cowen reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Embraer in a research note on Thursday, January 17th. Finally, Zacks Investment Research cut shares of Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Embraer presently has an average rating of “Hold” and an average target price of $26.75.

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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, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Earnings History for Embraer (NYSE:ERJ)

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