Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) dropped 5.2% on Tuesday . The company traded as low as $19.87 and last traded at $20.31. Approximately 6,343,435 shares were traded during mid-day trading, an increase of 383% from the average daily volume of 1,313,100 shares. The stock had previously closed at $21.42.

ERJ has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. ValuEngine upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Cowen and Company reiterated a “hold” rating and issued a $24.00 price target on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Tuesday, July 11th. Deutsche Bank AG downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and dropped their price target for the company from $26.00 to $18.00 in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Embraer-Empresa Brasileira de Aeronautica has an average rating of “Hold” and a consensus price target of $21.00.

The company’s 50-day moving average is $22.95 and its 200 day moving average is $20.67. The stock has a market capitalization of $14.92 billion, a price-to-earnings ratio of 55.34 and a beta of 0.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post $1.56 EPS for the current year.

The company also recently announced a special dividend, which was paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th were paid a $0.0516 dividend. The ex-dividend date was Tuesday, September 19th. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is currently 17.48%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JFS Wealth Advisors LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 470 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.4% during the 1st quarter. Global X Management Co. LLC now owns 7,352 shares of the aerospace company’s stock valued at $162,000 after buying an additional 103 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after buying an additional 152 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $211,000. Finally, Seminole Management Co. Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $182,000. Institutional investors and hedge funds own 50.79% of the company’s stock.

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