EVE (NYSE:EVEX) Issues Earnings Results, Beats Expectations By $0.01 EPS

EVE (NYSE:EVEX) announced its quarterly earnings results on Friday. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01, Zacks reports.

EVE Price Performance

Shares of NYSE:EVEX opened at $3.19 on Friday. EVE has a 1-year low of $2.33 and a 1-year high of $6.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The business has a fifty day moving average price of $4.54 and a 200-day moving average price of $3.91. The company has a market capitalization of $948.00 million, a PE ratio of -6.64 and a beta of 0.45.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of EVE in a research report on Friday. Canaccord Genuity Group raised their price objective on EVE from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. TD Cowen raised EVE to a “hold” rating in a research report on Thursday, December 19th. Finally, HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of EVE in a report on Wednesday.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.