FY2024 Earnings Forecast for EVE Issued By Cantor Fitzgerald

Eve Holding, Inc. (NYSE:EVEX) – Equities research analysts at Cantor Fitzgerald increased their FY2024 earnings per share (EPS) estimates for EVE in a research note issued on Tuesday, November 5th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will post earnings of ($0.50) per share for the year, up from their previous estimate of ($0.52). Cantor Fitzgerald has a “Overweight” rating and a $5.00 price objective on the stock. The consensus estimate for EVE’s current full-year earnings is ($0.49) per share.

Separately, HC Wainwright began coverage on shares of EVE in a report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 price objective for the company.

EVE Stock Up 1.0 %

EVEX stock opened at $2.92 on Friday. The company’s 50-day moving average price is $3.09 and its two-hundred day moving average price is $3.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 3.87. EVE has a 12 month low of $2.33 and a 12 month high of $7.67.

EVE (NYSE:EVEX) last announced its earnings results on Monday, November 4th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the company posted ($0.11) EPS.

Hedge Funds Weigh In On EVE

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of EVE during the 3rd quarter worth approximately $35,000. Blair William & Co. IL purchased a new stake in shares of EVE in the 2nd quarter worth about $190,000. Finally, Vanguard Group Inc. lifted its position in EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock valued at $2,796,000 after acquiring an additional 34,484 shares during the period. 1.27% of the stock is currently owned by institutional investors.

About EVE

Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.