Embraer-Empresa Brasileira de Aeronautica $ERJ Shares Sold by Freedom Investment Management Inc.

Key Points

• Freedom Investment Management Inc. reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 33.7% in Q1, now holding shares valued at $527,000.
• Embraer reported a loss of $0.02 earnings per share for the last quarter, missing analysts' estimates by ($0.49), despite revenue exceeding expectations at $1.82 billion.
• Analyst ratings for Embraer show a shift from "peer perform" to "outperform," with price targets ranging from $44.00 to $67.00, reflecting mixed sentiment about the stock.

Freedom Investment Management Inc. trimmed its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 33.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,401 shares of the aerospace company's stock after selling 5,803 shares during the quarter. Freedom Investment Management Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $4,849,000. Northwestern Mutual Wealth Management Co. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 241.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 1,249 shares during the last quarter. Compound Planning Inc. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $292,000. Ameriprise Financial Inc. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 791,509 shares of the aerospace company's stock worth $36,569,000 after buying an additional 204,443 shares during the last quarter. Finally, Atika Capital Management LLC increased its stake in Embraer-Empresa Brasileira de Aeronautica by 9.2% during the first quarter. Atika Capital Management LLC now owns 149,100 shares of the aerospace company's stock worth $6,888,000 after acquiring an additional 12,500 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica stock traded down $0.19 during mid-day trading on Friday, reaching $56.27. The company's stock had a trading volume of 1,544,727 shares, compared to its average volume of 1,697,095. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $31.76 and a twelve month high of $61.65. The business has a 50 day moving average price of $55.27 and a 200-day moving average price of $49.88. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 27.45 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results 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 net margin of 5.43% and a return on equity of 13.38%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ERJ shares. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a research note on Thursday, July 31st. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.67.

Embraer-Empresa Brasileira de Aeronautica 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.