Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) – Investment analysts at William Blair upped their FY2017 EPS estimates for Embraer-Empresa Brasileira de Aeronautica in a research report issued to clients and investors on Monday. William Blair analyst N. Heymann now forecasts that the aerospace company will earn $1.95 per share for the year, up from their previous forecast of $1.60.

A number of other analysts have also recently weighed in on the stock. J P Morgan Chase & Co cut shares of Embraer-Empresa Brasileira de Aeronautica to a “hold” rating and set a $21.00 price objective for the company. in a research note on Tuesday. Cowen and Company restated a “hold” rating and issued a $22.00 price objective on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday. Santander cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to an “underperform” rating in a research note on Monday. Credit Suisse Group upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 26th. Finally, Scotiabank cut shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.67.

ILLEGAL ACTIVITY NOTICE: “FY2017 EPS Estimates for Embraer-Empresa Brasileira de Aeronautica (ERJ) Increased by Analyst” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://theolympiareport.com/2017/10/31/fy2017-eps-estimates-for-embraer-empresa-brasileira-de-aeronautica-erj-increased-by-analyst.html.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at 18.83 on Tuesday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 12.83 and a beta of 0.34. The company’s 50-day moving average is $22.11 and its 200-day moving average is $20.55. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.58 and a 12-month high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.63% and a return on equity of 10.77%.

The business also recently announced a special dividend, which was paid on Monday, October 16th. Investors of record on Wednesday, September 20th were given a dividend of $0.0516 per share. The ex-dividend date was Tuesday, September 19th. This is a positive change from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 11.31%.

A number of hedge funds have recently made changes to their positions in ERJ. Brandes Investment Partners LP increased its position in Embraer-Empresa Brasileira de Aeronautica by 6.6% during the second quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares during the period. Franklin Resources Inc. increased its position in Embraer-Empresa Brasileira de Aeronautica by 45.0% during the second quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after acquiring an additional 883,361 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Embraer-Empresa Brasileira de Aeronautica by 10.1% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after acquiring an additional 747,735 shares during the period. Holowesko Partners Ltd. increased its position in Embraer-Empresa Brasileira de Aeronautica by 20.9% during the second quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 665,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Embraer-Empresa Brasileira de Aeronautica by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock worth $68,650,000 after acquiring an additional 616,851 shares during the period. 50.65% of the stock is currently owned by institutional investors and hedge funds.

About Embraer-Empresa Brasileira de Aeronautica

Receive News & Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related companies with Analyst Ratings Network's FREE daily email newsletter.