Q4 2024 EPS Estimates for Embraer S.A. (NYSE:ERJ) Lowered by Zacks Research

Embraer S.A. (NYSE:ERJ) – Analysts at Zacks Research cut their Q4 2024 earnings per share estimates for shares of Embraer in a research note issued on Tuesday, October 15th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $0.70 per share for the quarter, down from their previous estimate of $0.75. The consensus estimate for Embraer’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer’s Q1 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.08 EPS and FY2025 earnings at $2.03 EPS.

A number of other analysts have also recently commented on the company. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. Finally, UBS Group increased their price objective on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Embraer Trading Down 2.1 %

NYSE:ERJ opened at $32.47 on Wednesday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 22.55 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. Embraer has a one year low of $13.56 and a one year high of $37.30. The company’s 50-day simple moving average is $33.75 and its 200 day simple moving average is $29.72.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share.

Institutional Investors Weigh In On Embraer

A number of hedge funds have recently added to or reduced their stakes in ERJ. PNC Financial Services Group Inc. bought a new stake in shares of Embraer during the 4th quarter valued at about $30,000. Sunbelt Securities Inc. bought a new stake in shares of Embraer during the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Embraer in the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter worth $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

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.