Zacks Research Has Optimistic Outlook of Embraer Q3 Earnings

Embraer S.A. (NYSE:ERJ) – Analysts at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for shares of Embraer in a research note issued on Tuesday, October 22nd. Zacks Research analyst R. Department now expects that the aerospace company will post earnings of $0.26 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Embraer’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for Embraer’s Q4 2024 earnings at $0.69 EPS, FY2024 earnings at $1.32 EPS, Q2 2025 earnings at $1.05 EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at $0.05 EPS, FY2025 earnings at $2.01 EPS and Q3 2026 earnings at $0.76 EPS.

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

Other research analysts have also issued reports about the stock. TD Cowen upgraded shares of 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 note on Wednesday, September 4th. UBS Group increased their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Bank of America reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Embraer in a research note on Tuesday, September 17th. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.86.

Embraer Price Performance

Shares of ERJ opened at $34.87 on Thursday. The firm has a 50-day simple moving average of $34.32 and a 200-day simple moving average of $30.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 24.22 and a beta of 1.69. Embraer has a fifty-two week low of $13.56 and a fifty-two week high of $37.30.

Hedge Funds Weigh In On Embraer

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

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.