Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $21.00.

Several research firms have weighed in on ERJ. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “sell” rating in a report on Thursday. Goldman Sachs Group, Inc. (The) lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and decreased their target price for the company from $26.00 to $18.00 in a report on Thursday, August 10th. TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st.

Several hedge funds have recently modified their holdings of the company. Brandes Investment Partners LP lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 6.6% in the 2nd quarter. Brandes Investment Partners LP now owns 19,847,728 shares of the aerospace company’s stock worth $361,824,000 after acquiring an additional 1,227,021 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 10.1% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,170,429 shares of the aerospace company’s stock worth $148,947,000 after acquiring an additional 747,735 shares during the last quarter. Holowesko Partners Ltd. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 20.9% in the 2nd quarter. Holowesko Partners Ltd. now owns 3,843,250 shares of the aerospace company’s stock worth $70,062,000 after acquiring an additional 665,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 19.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,765,620 shares of the aerospace company’s stock worth $68,650,000 after acquiring an additional 616,851 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 45.0% in the 2nd quarter. Franklin Resources Inc. now owns 2,844,323 shares of the aerospace company’s stock worth $51,852,000 after acquiring an additional 883,361 shares during the last quarter. Hedge funds and other institutional investors own 50.79% of the company’s stock.

Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) traded down 1.066% on Wednesday, hitting $21.815. 266,429 shares of the company were exchanged. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $17.58 and a 52-week high of $24.95. The stock has a market capitalization of $16.03 billion, a PE ratio of 59.441 and a beta of 0.34. The firm’s 50-day moving average is $22.95 and its 200-day moving average is $20.67.

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 for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.62 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. Embraer-Empresa Brasileira de Aeronautica’s revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Equities research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post $1.56 earnings per share for the current year.

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

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