Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 8,680,000 shares, a growth of 18.7% from the April 30th total of 7,310,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is presently 4.6 days. Currently, 4.8% of the company's stock are sold short.

Embraer Stock Performance

Shares of ERJ traded down $1.13 during mid-day trading on Friday, reaching $46.55. The company's stock had a trading volume of 1,025,806 shares, compared to its average volume of 1,514,472. Embraer has a 1-year low of $25.24 and a 1-year high of $56.61. The stock has a market cap of $8.55 billion, a P/E ratio of 17.11 and a beta of 1.68. The business has a 50-day simple moving average of $45.65 and a two-hundred day simple moving average of $43.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned ($0.48) earnings per share. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Embraer will post 2.04 earnings per share for the current fiscal year.

Embraer Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid 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%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group reissued a "sell" rating and set a $39.00 price target (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group increased their price target on Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. HSBC raised 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. Finally, Hsbc Global Res raised Embraer from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Hedge Funds Weigh In On Embraer

A number of hedge funds have recently added to or reduced their stakes in ERJ. Lindbrook Capital LLC boosted its holdings in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 389 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Embraer by 13.4% during the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock valued at $122,000 after acquiring an additional 395 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Embraer by 1.7% during the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after acquiring an additional 454 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 470 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Embraer during the 1st quarter valued at $25,000. Institutional investors own 34.65% of the company's stock.

Embraer 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.