Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) will announce earnings per share of $0.44 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Embraer-Empresa Brasileira de Aeronautica’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.41. Embraer-Empresa Brasileira de Aeronautica posted earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 83.3%. The business is scheduled to issue its next earnings results before the market opens on Friday, July 28th.

On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.98. For the next financial year, analysts forecast that the company will report earnings of $1.48 per share, with EPS estimates ranging from $1.15 to $1.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Embraer-Empresa Brasileira de Aeronautica.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Tuesday, May 2nd. The aerospace company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 9.15% and a net margin of 1.76%.

A number of brokerages have recently commented on ERJ. TheStreet lowered Embraer-Empresa Brasileira de Aeronautica from a “b-” rating to a “c+” rating in a report on Wednesday, April 5th. Cowen and Company restated a “buy” rating and issued a $27.00 target price on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 13th. Zacks Investment Research lowered Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 4.4% in the fourth quarter. Comerica Bank now owns 12,160 shares of the aerospace company’s stock worth $254,000 after buying an additional 508 shares during the last quarter. FMR LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 112.4% in the fourth quarter. FMR LLC now owns 644,300 shares of the aerospace company’s stock worth $12,403,000 after buying an additional 341,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 8.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,327 shares of the aerospace company’s stock worth $142,000 after buying an additional 570 shares during the last quarter. Becker Capital Management Inc. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% in the fourth quarter. Becker Capital Management Inc. now owns 991,055 shares of the aerospace company’s stock worth $19,078,000 after buying an additional 15,690 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at about $872,000. Institutional investors and hedge funds own 49.66% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) opened at 19.36 on Monday. The firm has a 50-day moving average of $19.34 and a 200-day moving average of $20.95. The firm has a market cap of $14.24 billion, a P/E ratio of 141.31 and a beta of 0.35. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95.

The company also recently announced a special dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be paid a $0.0489 dividend. The ex-dividend date is Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 36.84%.

COPYRIGHT VIOLATION NOTICE: “$0.44 EPS Expected for Embraer-Empresa Brasileira de Aeronautica (ERJ) This Quarter” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.watchlistnews.com/0-44-eps-expected-for-embraer-empresa-brasileira-de-aeronautica-erj-this-quarter/1444731.html.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Get a free copy of the Zacks research report on Embraer-Empresa Brasileira de Aeronautica (ERJ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Embraer-Empresa Brasileira de Aeronautica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer-Empresa Brasileira de Aeronautica and related companies with Analyst Ratings Network's FREE daily email newsletter.