Embraer (NYSE:ERJ) Shares Down 2.5%

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Embraer SA (NYSE:ERJ)’s share price was down 2.5% on Friday . The stock traded as low as $19.10 and last traded at $19.14. Approximately 6,195 shares traded hands during trading, a decline of 99% from the average daily volume of 836,197 shares. The stock had previously closed at $19.64.

A number of research firms recently weighed in on ERJ. ValuEngine upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $26.75.

The stock has a market cap of $3.49 billion, a PE ratio of -63.80 and a beta of -0.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.29 and a current ratio of 2.25.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Wednesday, May 15th. The aerospace company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.02). Embraer had a negative net margin of 4.25% and a negative return on equity of 2.32%. The company had revenue of $823.30 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm earned ($0.13) earnings per share. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, analysts anticipate that Embraer SA will post -0.46 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Oldfield Partners LLP raised its stake in Embraer by 87.3% during the first quarter. Oldfield Partners LLP now owns 6,114,479 shares of the aerospace company’s stock valued at $116,236,000 after purchasing an additional 2,849,714 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Embraer by 11.5% in the 1st quarter. Brandes Investment Partners LP now owns 19,931,834 shares of the aerospace company’s stock valued at $382,802,000 after buying an additional 2,054,130 shares in the last quarter. Mondrian Investment Partners LTD boosted its holdings in shares of Embraer by 6.8% in the 1st quarter. Mondrian Investment Partners LTD now owns 12,514,178 shares of the aerospace company’s stock valued at $237,895,000 after buying an additional 793,230 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Embraer by 265.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,043,600 shares of the aerospace company’s stock valued at $23,095,000 after buying an additional 757,700 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Embraer by 442.9% in the 4th quarter. American Century Companies Inc. now owns 709,385 shares of the aerospace company’s stock valued at $15,699,000 after buying an additional 578,725 shares in the last quarter. Institutional investors and hedge funds own 45.08% of the company’s stock.

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Embraer Company Profile (NYSE:ERJ)

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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