Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Gap Up - Still a Buy?

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $56.91, but opened at $59.02. Embraer-Empresa Brasileira de Aeronautica shares last traded at $58.98, with a volume of 272,490 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ERJ. Wolfe Research reiterated a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. UBS Group reiterated a "sell" rating and issued a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 2.5%

The business's 50-day simple moving average is $49.19 and its two-hundred day simple moving average is $45.09. The company has a quick ratio of 0.59, a current ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 28.17 and a beta of 1.72.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The company's revenue was up 23.0% on a year-over-year basis. During the same period last year, the business earned ($0.48) EPS. Equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 2.31%.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently bought and sold shares of ERJ. WPG Advisers LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth about $25,000. Jones Financial Companies Lllp acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $37,000. Colonial Trust Co SC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $42,000. Finally, Lindbrook Capital LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

About Embraer-Empresa Brasileira de Aeronautica

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.