Embraer-Empresa Brasileira de Aeronautica (ERJ) Receiving Somewhat Positive Press Coverage, Study Shows

Media coverage about Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Embraer-Empresa Brasileira de Aeronautica earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 45.5516393463601 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

ERJ has been the topic of several recent analyst reports. Cowen and Company lowered shares of Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $27.00 to $24.00 in a research report on Wednesday, June 21st. ValuEngine lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, TheStreet upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “c” rating to a “b-” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $21.60.

Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) traded up 0.38% during mid-day trading on Monday, hitting $23.65. 858,057 shares of the stock traded hands. The firm has a market cap of $17.38 billion, a PE ratio of 64.27 and a beta of 0.34. The stock has a 50 day moving average price of $21.30 and a 200 day moving average price of $20.71. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its earnings results on Friday, July 28th. The aerospace company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post $1.61 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Monday, October 16th. Stockholders of record on Wednesday, September 20th will be issued a $0.0516 dividend. This is a boost from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date of this dividend is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio is presently 14.69%.

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