Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Short Interest Update

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 5,500,000 shares, a drop of 23.3% from the July 31st total of 7,170,000 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of recent analyst reports. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. UBS Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a report on Friday, August 15th. Bank of America boosted their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.40.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1,057.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 212,054 shares of the aerospace company's stock valued at $9,797,000 after purchasing an additional 193,739 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 215.7% during the first quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock valued at $190,629,000 after purchasing an additional 2,819,306 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at approximately $227,000. Janney Montgomery Scott LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $249,000. Finally, Diversify Wealth Management LLC grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.0% during the first quarter. Diversify Wealth Management LLC now owns 43,950 shares of the aerospace company's stock valued at $2,004,000 after purchasing an additional 5,061 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 2.4%

Shares of ERJ traded down $1.44 during midday trading on Friday, reaching $57.36. 840,151 shares of the company were exchanged, compared to its average volume of 1,464,663. The stock has a 50-day moving average price of $55.67 and a 200-day moving average price of $51.02. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 27.98 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $32.26 and a 1-year high of $62.09. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.