Embraer (NYSE:ERJ) Stock Price Up 4.8% - Here's What Happened

Shares of Embraer S.A. (NYSE:ERJ - Get Free Report) were up 4.8% during mid-day trading on Wednesday . The stock traded as high as $47.85 and last traded at $48.15. Approximately 187,214 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,524,814 shares. The stock had previously closed at $45.96.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ERJ. Hsbc Global Res raised shares of Embraer from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. UBS Group restated a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. Finally, HSBC upgraded shares of Embraer from a "hold" rating to a "buy" rating and increased their price target for the company from $45.00 to $57.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $50.40.

Embraer Trading Down 2.4%

The stock's fifty day moving average price is $45.65 and its two-hundred day moving average price is $43.31. The company has a market capitalization of $8.55 billion, a PE ratio of 17.11 and a beta of 1.68. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Embraer's revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) earnings per share. Sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Embraer Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders 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's dividend payout ratio (DPR) is presently 1.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. WPG Advisers LLC purchased a new stake in shares of Embraer in the 1st quarter worth approximately $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Embraer in the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Embraer in the fourth quarter worth $37,000. Colonial Trust Co SC purchased a new position in shares of Embraer in the 4th quarter worth about $42,000. Finally, Lindbrook Capital LLC boosted its stake in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

About Embraer

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.