EVE (NYSE:EVEX) Releases Quarterly Earnings Results

EVE (NYSE:EVEX) issued its quarterly earnings data on Monday. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01, Zacks reports. During the same quarter in the previous year, the firm earned ($0.11) EPS.

EVE Stock Down 0.3 %

Shares of EVE stock traded down $0.01 during trading hours on Thursday, hitting $2.88. 95,517 shares of the company’s stock traded hands, compared to its average volume of 135,054. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.50. EVE has a twelve month low of $2.33 and a twelve month high of $7.67. The stock has a 50 day simple moving average of $3.09 and a 200-day simple moving average of $3.74. The company has a market cap of $835.61 million, a PE ratio of -6.02 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EVEX. HC Wainwright assumed coverage on shares of EVE in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $5.00 price objective on shares of EVE in a report on Tuesday.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.