Analysts expect Embraer SA (NYSE:ERJ) to report ($0.34) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Embraer’s earnings. Embraer posted earnings per share of $0.04 in the same quarter last year, which indicates a negative year-over-year growth rate of 950%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 12th.

According to Zacks, analysts expect that Embraer will report full year earnings of ($1.65) per share for the current financial year, with EPS estimates ranging from ($2.50) to ($1.08). For the next fiscal year, analysts forecast that the business will post earnings of ($0.74) per share, with EPS estimates ranging from ($1.80) to $0.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Embraer.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Monday, June 1st. The aerospace company reported ($0.57) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.67) by $0.10. Embraer had a negative net margin of 10.84% and a negative return on equity of 7.11%. The firm had revenue of $633.80 million for the quarter, compared to analyst estimates of $884.55 million. During the same period in the prior year, the firm posted ($0.23) earnings per share. The company’s quarterly revenue was down 23.0% compared to the same quarter last year.

ERJ has been the topic of several research analyst reports. UBS Group dropped their price objective on shares of Embraer from $21.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Cfra dropped their price objective on shares of Embraer from $13.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, June 1st. Bank of America lowered shares of Embraer from a “buy” rating to a “neutral” rating in a research report on Monday, May 4th. Credit Suisse Group lowered shares of Embraer from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $11.00 to $4.00 in a research report on Tuesday, April 28th. Finally, HSBC upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Friday, March 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.71.

NYSE ERJ traded down $0.43 on Monday, hitting $5.68. 3,579,800 shares of the stock were exchanged, compared to its average volume of 3,012,560. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.05. The business’s fifty day moving average is $5.90 and its 200 day moving average is $11.71. Embraer has a 52 week low of $3.99 and a 52 week high of $20.92. The company has a market capitalization of $1.04 billion, a PE ratio of -1.83 and a beta of 0.45.

Several institutional investors and hedge funds have recently bought and sold shares of ERJ. US Bancorp DE raised its holdings in Embraer by 178.6% in the 1st quarter. US Bancorp DE now owns 6,937 shares of the aerospace company’s stock valued at $51,000 after buying an additional 4,447 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Embraer in the 1st quarter valued at approximately $75,000. Mackenzie Financial Corp bought a new position in Embraer in the 1st quarter valued at approximately $76,000. JFS Wealth Advisors LLC raised its holdings in Embraer by 24.5% in the 1st quarter. JFS Wealth Advisors LLC now owns 10,974 shares of the aerospace company’s stock valued at $81,000 after buying an additional 2,160 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Embraer by 58.9% in the 1st quarter. Wells Fargo & Company MN now owns 11,096 shares of the aerospace company’s stock valued at $82,000 after buying an additional 4,113 shares during the last quarter. Institutional investors own 45.21% of the company’s stock.

About Embraer

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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