HC Wainwright Has Bearish Estimate for EVE FY2029 Earnings

Key Points

• HC Wainwright has lowered its earnings per share (EPS) estimate for EVE Holding, Inc. for FY2029 to $0.08, down from $0.10, while maintaining a "Buy" rating and an $8.00 price target.
• Cantor Fitzgerald reaffirmed an "overweight" rating for EVE with a price target of $5.00.
• As of the last trading session, EVE's stock closed at $5.99, with a market capitalization of $1.78 billion and a twelve-month trading range of $2.33 to $7.70.

Eve Holding, Inc. (NYSE:EVEX - Free Report) - Investment analysts at HC Wainwright cut their FY2029 EPS estimates for EVE in a research report issued on Thursday, August 7th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.08 per share for the year, down from their prior estimate of $0.10. HC Wainwright has a "Buy" rating and a $8.00 price objective on the stock. The consensus estimate for EVE's current full-year earnings is ($0.50) per share.

Separately, Cantor Fitzgerald reiterated an "overweight" rating and set a $5.00 price target on shares of EVE in a research note on Monday, June 23rd.

EVE Stock Performance

NYSE EVEX traded up $0.10 during trading on Friday, reaching $5.99. The company's stock had a trading volume of 59,848 shares, compared to its average volume of 301,730. EVE has a twelve month low of $2.33 and a twelve month high of $7.70. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.60 and a current ratio of 3.60. The business's fifty day moving average price is $6.29 and its 200-day moving average price is $4.81. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -9.50 and a beta of 0.85.

EVE (NYSE:EVEX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06).

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. purchased a new stake in shares of EVE in the fourth quarter valued at about $148,000. Sei Investments Co. acquired a new position in EVE during the fourth quarter worth approximately $108,000. Corebridge Financial Inc. increased its position in shares of EVE by 57.0% in the fourth quarter. Corebridge Financial Inc. now owns 25,400 shares of the company's stock worth $138,000 after acquiring an additional 9,222 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of EVE by 380.2% in the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock worth $1,014,000 after acquiring an additional 147,632 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in EVE by 29.0% during the 4th quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock valued at $5,969,000 after purchasing an additional 246,863 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

EVE Company Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.

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