EVE (NYSE:EVEX) Posts Earnings Results, Beats Expectations By $0.01 EPS

EVE (NYSE:EVEX) posted its quarterly earnings data on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01, Zacks reports. During the same quarter in the prior year, the firm earned ($0.11) earnings per share.

EVE Price Performance

Shares of NYSE EVEX traded down $0.05 during midday trading on Tuesday, reaching $2.68. The company’s stock had a trading volume of 44,712 shares, compared to its average volume of 133,873. The company has a market cap of $777.58 million, a price-to-earnings ratio of -5.81 and a beta of 0.37. EVE has a one year low of $2.33 and a one year high of $7.67. The company has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.76. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.50.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Monday, September 30th. HC Wainwright began coverage on EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company.

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.