EVE (NYSE:EVEX) Issues Earnings Results, Misses Expectations By $0.04 EPS

EVE (NYSE:EVEX) issued its quarterly earnings data on Monday. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.04), FiscalAI reports.

EVE Trading Up 0.5%

Shares of EVEX stock opened at $2.78 on Tuesday. EVE has a fifty-two week low of $2.68 and a fifty-two week high of $7.70. The firm has a market capitalization of $966.53 million, a P/E ratio of -4.27 and a beta of 0.88. The stock’s fifty day moving average is $3.60 and its two-hundred day moving average is $4.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after purchasing an additional 3,121 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in EVE during the second quarter worth $69,000. Schonfeld Strategic Advisors LLC purchased a new stake in EVE in the third quarter valued at $42,000. Mariner LLC acquired a new position in shares of EVE in the 4th quarter valued at $49,000. Finally, Abel Hall LLC acquired a new position in shares of EVE in the 4th quarter valued at $54,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a report on Monday, February 9th. The Goldman Sachs Group initiated coverage on EVE in a report on Monday, December 1st. They issued a “neutral” rating and a $4.84 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EVE presently has an average rating of “Hold” and a consensus price target of $6.47.

About EVE

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.