In last trading session, Embraer S.A. ADR (NYSE:ERJ) saw 3.73 million shares changing hands with its beta currently measuring 1.66. Company’s recent per share price level of $26.73 trading at $2.0 or 8.09% at ring of the bell on the day assigns it a market valuation of $4.91B. That closing price of ERJ’s stock is at a premium of 4.0% from its 52-week high price of $25.66 and is indicating a premium of 53.31% from its 52-week low price of $12.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.97 million shares which gives us an average trading volume of 1.42 million if we extend that period to 3-months.
Embraer S.A. ADR (NYSE:ERJ) trade information
Upright in the green during last session for gaining 8.09%, in the last five days ERJ remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $26.73 price level, adding 0.71% to its value on the day. Embraer S.A. ADR’s shares saw a change of 44.88% in year-to-date performance and have moved 14.57% in past 5-day. Embraer S.A. ADR (NYSE:ERJ) showed a performance of 46.07% in past 30-days. Number of shares sold short was 2.18 million shares which calculate 1.93 days to cover the short interests.
Embraer S.A. ADR (ERJ) estimates and forecasts
Statistics highlight that Embraer S.A. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 88.24% of value to its shares in past 6 months, showing an annual growth rate of 167.44% while that of industry is 13.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 66.70% in the current quarter and calculating -32.30% decrease in the next quarter. This year revenue growth is estimated to rise 18.00% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $870.17 million for the same. And 3 analysts are in estimates of company making revenue of $1.44 billion in the next quarter that will end on Jun 2024. Company posted $716.7 million and $1.29 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 21.40% while estimating it to be 11.20% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 36.54% while estimates for its earnings growth in next 5 years are of 17.00%.
ERJ Dividends
Embraer S.A. ADR is more likely to be releasing its next quarterly report in April and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Embraer S.A. ADR (NYSE:ERJ)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 39.17 percent of that, with stock having share float percentage of 39.17%. Investors also watch the number of corporate investors in a company very closely, which is 39.17% institutions for Embraer S.A. ADR that are currently holding shares of the company. Brandes Investment Partners L.P. is the top institutional holder at ERJ for having 17.56 million shares of worth $469.43 million. And as of Dec 30, 2023, it was holding 9.49% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 4.53 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 2.45% of outstanding shares, having a total worth of $121.15 million.
On the other hand, Fidelity Series Large Cap Stock Fund and American Century Emerging Markets are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 1.62 million shares of worth $43.29 million or 0.87% of the total outstanding shares. The later fund manager was in possession of 1.52 million shares on Dec 30, 2023, making its stake of worth around $40.6 million in the company or a holder of 0.82% of company’s stock.
