Embraer SA (NYSE:ERJ) – Analysts at William Blair upped their Q2 2019 earnings per share (EPS) estimates for Embraer in a research note issued to investors on Wednesday, May 15th. William Blair analyst N. Heymann now expects that the aerospace company will post earnings of $0.00 per share for the quarter, up from their previous forecast of ($0.01). William Blair also issued estimates for Embraer’s Q4 2019 earnings at $0.24 EPS.
A number of other equities research analysts have also weighed in on ERJ. Credit Suisse Group lowered shares of Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. ValuEngine lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Zacks Investment Research lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.75.
Embraer (NYSE:ERJ) last released its quarterly earnings data on Wednesday, May 15th. The aerospace company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Embraer had a negative return on equity of 2.32% and a negative net margin of 4.25%. The business had revenue of $823.30 million during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned ($0.13) EPS. Embraer’s revenue was down 14.3% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERJ. Quadrant Capital Group LLC boosted its stake in Embraer by 36.0% during the 1st quarter. Quadrant Capital Group LLC now owns 2,508 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 664 shares during the last quarter. SG Americas Securities LLC bought a new position in Embraer during the 4th quarter valued at $112,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 22.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,222 shares of the aerospace company’s stock valued at $137,000 after acquiring an additional 1,340 shares during the last quarter. National Asset Management Inc. bought a new position in Embraer during the 4th quarter valued at $209,000. Finally, PNC Financial Services Group Inc. boosted its stake in Embraer by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 534 shares during the last quarter. 45.70% of the stock is owned by institutional investors and hedge funds.
Embraer Company Profile
Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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