Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) will report sales of $1.43 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Embraer-Empresa Brasileira de Aeronautica’s earnings, with the highest sales estimate coming in at $1.57 billion and the lowest estimate coming in at $1.29 billion. Embraer-Empresa Brasileira de Aeronautica reported sales of $1.51 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.3%. The firm is expected to announce its next quarterly earnings report on Monday, October 30th.

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

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its earnings results on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, topping 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 firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. Embraer-Empresa Brasileira de Aeronautica’s quarterly revenue was up 29.5% on a year-over-year basis.

A number of equities research analysts recently issued reports on ERJ shares. Cowen and Company cut shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $27.00 to $24.00 in a research report on Wednesday, June 21st. ValuEngine cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. 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. Finally, BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Buy” and a consensus price target of $22.60.

Large investors have recently made changes to their positions in the company. Brandes Investment Partners LP boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1.3% in the first quarter. Brandes Investment Partners LP now owns 18,620,707 shares of the aerospace company’s stock worth $411,145,000 after buying an additional 242,338 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 20.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 7,422,694 shares of the aerospace company’s stock valued at $163,893,000 after buying an additional 1,253,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 14.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,148,769 shares of the aerospace company’s stock valued at $69,538,000 after buying an additional 390,305 shares during the last quarter. Vanguard Group Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 3.2% in the first quarter. Vanguard Group Inc. now owns 2,102,410 shares of the aerospace company’s stock valued at $46,421,000 after buying an additional 65,411 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 2.6% in the first quarter. Renaissance Technologies LLC now owns 1,493,500 shares of the aerospace company’s stock valued at $32,976,000 after buying an additional 37,300 shares during the last quarter. Institutional investors and hedge funds own 49.67% of the company’s stock.

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Embraer-Empresa Brasileira de Aeronautica (ERJ) opened at 20.85 on Tuesday. The firm has a 50-day moving average of $19.20 and a 200 day moving average of $20.98. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.06 and a 52-week high of $24.95. The company has a market cap of $15.33 billion, a PE ratio of 55.75 and a beta of 0.37.

The company also recently announced a special dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were given a dividend of $0.0489 per share. The ex-dividend date was Tuesday, June 13th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is currently 14.69%.

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