Embraer SA (ADR) (ERJ) is Upgraded by Goldman to Buy

Embraer SA (ADR) (ERJ) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Embraer SA (ADR) reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.18. The company had revenue of $1366.40 million for the quarter, compared to analysts expectations of $1444.55 million. The company’s revenue was down -9.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Embraer SA (ADR) closed down -0.25 points or -1.41% at $17.47 with 13,20,559 shares getting traded on Tuesday. Post opening the session at $17.69, the shares hit an intraday low of $17.19 and an intraday high of $17.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Embraer S.A. (Embraer) produces aircraft for commercial and executive aviation and for defense and security purposes. The Company operates through four segments: Commercial aviation business Defense and security business Executive Jets business and Other. The Commercial Aviation business involves the development production and sale of commercial jets and rendering of support services. The Defense and security business operations mainly involve research development production modification and support for military defense and security aircraft as well as a range of products and integrated solutions. The Executive Aviation market operations are constituted by development production and sale of executive jets as well as by providing support services and aircraft operational leasing. The Other segment supplies structural parts and mechanical and hydraulic systems and produces agricultural crop-spraying aircraft.

Embraer SA (ADR)

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