Embraer S.A. (NYSE:ERJ) Short Interest Up 18.7% in May

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ERJ shares. UBS Group restated a "sell" rating and issued a $39.00 price target (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. Hsbc Global Res upgraded shares of Embraer from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Wall Street Zen lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. HSBC upgraded Embraer from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $57.00 in a report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Institutional Trading of Embraer

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC boosted its holdings in Embraer by 32.9% in the fourth 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 during the last quarter. US Bancorp DE boosted its stake in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after buying an additional 395 shares during the last quarter. Townsquare Capital LLC grew its holdings in Embraer by 1.7% during the fourth quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock worth $971,000 after acquiring an additional 454 shares during the period. Truist Financial Corp grew its holdings in Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after acquiring an additional 470 shares during the period. Finally, WPG Advisers LLC purchased a new position in Embraer during the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer Stock Down 2.5%

Shares of ERJ traded down $1.17 during mid-day trading on Friday, hitting $46.51. 549,851 shares of the company traded hands, compared to its average volume of 1,519,016. The company has a market capitalization of $8.54 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. The business has a 50 day moving average of $45.65 and a 200 day moving average of $43.21. Embraer has a 1-year low of $25.24 and a 1-year high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm'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) EPS. Equities research analysts anticipate that Embraer will post 2.04 EPS for the current year.

Embraer Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer's dividend payout ratio (DPR) is currently 1.85%.

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.