Embraer S.A. ADR (ERJ) is looking forward to a strong quarter

With 1.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.6 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $26.15 whereas the lowest price it dropped to was $25.42. The 52-week range on ERJ shows that it touched its highest point at $27.25 and its lowest point at $12.48 during that stretch. It currently has a 1-year price target of $31.75. Beta for the stock currently stands at 1.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ERJ was down-trending over the past week, with a drop of -4.33%, but this was up by 24.08% over a month. Three-month performance surged to 40.22% while six-month performance rose 88.56%. The stock gained 58.52% in the past year, while it has gained 40.22% so far this year. A look at the trailing 12-month EPS for ERJ yields 0.88 with Next year EPS estimates of 1.80. For the next quarter, that number is -0.19. This implies an EPS growth rate of 34.19% for this year and 50.15% for next year.

Float and Shares Shorts:

At present, 183.66 million ERJ shares are outstanding with a float of 183.56 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.18 million, which was 1.19% higher than short shares on Feb 15, 2024. In addition to Mr. Francisco Gomes Neto as the firm’s President & CEO, Mr. Antonio Carlos Garcia serves as its CFO, Executive VP & Head of Investor Relations.

Institutional Ownership:

Through their ownership of 39.27% of ERJ’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ERJ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.