Embraer (NYSE:ERJ) Trading Up 5.8% Following Better-Than-Expected Earnings

Embraer S.A. (NYSE:ERJ) shares were up 5.8% on Thursday following a stronger than expected earnings report. The stock traded as high as $45.38 and last traded at $45.36. Approximately 751,455 shares were traded during trading, a decline of 39% from the average daily volume of 1,236,136 shares. The stock had previously closed at $42.89.

The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in Embraer during the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the 4th quarter valued at about $37,000. Colonial Trust Co SC acquired a new stake in shares of Embraer during the 4th quarter worth about $42,000. Lindbrook Capital LLC lifted its stake in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Embraer in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The company’s 50 day simple moving average is $39.80 and its 200 day simple moving average is $36.87. The company has a market capitalization of $8.37 billion, a PE ratio of 16.84 and a beta of 1.71.

Embraer Company Profile

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.