Brokerages expect Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) to post $1.43 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Embraer-Empresa Brasileira de Aeronautica’s earnings, with estimates ranging from $1.29 billion to $1.57 billion. Embraer-Empresa Brasileira de Aeronautica reported sales of $1.51 billion in the same quarter last year, which indicates a negative year over year growth rate of 5.3%. The business is expected to announce its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Embraer-Empresa Brasileira de Aeronautica will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $5.92 billion to $5.94 billion. For the next financial year, analysts anticipate that the business will report sales of $5.71 billion per share, with estimates ranging from $5.45 billion to $5.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Embraer-Empresa Brasileira de Aeronautica.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis.

ERJ has been the subject of several research analyst reports. Zacks Investment Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. ValuEngine cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Cowen and Company cut shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and cut their target price for the company from $27.00 to $24.00 in a research note on Wednesday, June 21st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and cut their target price for the company from $26.00 to $18.00 in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $21.60.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 4.14% during midday trading on Friday, reaching $22.37. The company’s stock had a trading volume of 1,478,376 shares. Embraer-Empresa Brasileira de Aeronautica has a one year low of $17.06 and a one year high of $24.95. The firm has a 50-day moving average of $20.35 and a 200-day moving average of $20.80. The stock has a market cap of $16.44 billion, a PE ratio of 60.46 and a beta of 0.37.

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Institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $415,000. Teza Capital Management LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $291,000. World Asset Management Inc boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.9% in the first quarter. World Asset Management Inc now owns 11,527 shares of the aerospace company’s stock worth $255,000 after buying an additional 211 shares in the last quarter. Comerica Bank boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after buying an additional 198 shares in the last quarter. Finally, Henderson Group PLC boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 17.0% in the first quarter. Henderson Group PLC now owns 343,430 shares of the aerospace company’s stock worth $7,588,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 50.77% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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