Embraer (ERJ) Set to Announce Earnings on Tuesday

Embraer (NYSE:ERJ) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Embraer to post earnings of ($0.11) per share for the quarter. Embraer has set its FY 2024 guidance at EPS.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.27 by $0.15. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 3.11% and a return on equity of 2.80%. On average, analysts expect Embraer to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Embraer Price Performance

ERJ traded down $0.49 on Tuesday, reaching $25.60. The company had a trading volume of 345,827 shares, compared to its average volume of 1,583,470. The company has a fifty day moving average of $23.51 and a 200-day moving average of $19.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 1.65. Embraer has a one year low of $12.48 and a one year high of $27.25.

Analyst Ratings Changes

ERJ has been the subject of a number of recent analyst reports. HSBC lowered shares of Embraer from a “buy” rating to a “hold” rating and increased their target price for the company from $18.00 to $19.00 in a research report on Tuesday, February 6th. Morgan Stanley increased their target price on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. upped their price target on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. UBS Group reissued a “neutral” rating and issued a $28.50 price target (up from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group upped their price target on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

Embraer Company Profile

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.