Embraer (ERJ) Projected to Post Earnings on Thursday

Embraer (NYSE:ERJ) is expected to be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Embraer to post earnings of $0.47 per share and revenue of $2.21 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Embraer Stock Up 1.6 %

Shares of ERJ opened at $42.19 on Wednesday. Embraer has a 12 month low of $18.16 and a 12 month high of $46.10. The firm’s 50 day moving average is $39.64 and its 200-day moving average is $36.82. The stock has a market capitalization of $7.75 billion, a PE ratio of 15.51 and a beta of 1.71. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ERJ. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.