Embraer Sees Unusually High Options Volume (ERJ)

Embraer SA (NYSE:ERJ) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 6,946 call options on the company. This represents an increase of approximately 7,450% compared to the typical volume of 92 call options.

A number of equities analysts recently weighed in on ERJ shares. ValuEngine upgraded shares of Embraer from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Credit Suisse Group upgraded shares of Embraer from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 26th. TheStreet lowered shares of Embraer from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Embraer from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Bank of America set a $27.00 target price on shares of Embraer and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.20.

Embraer (NYSE:ERJ) opened at $24.10 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. Embraer has a 12-month low of $17.58 and a 12-month high of $26.25. The firm has a market cap of $4,360.00, a price-to-earnings ratio of 11.16, a P/E/G ratio of 0.79 and a beta of 0.32.

Embraer (NYSE:ERJ) last issued its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. Embraer had a net margin of 6.63% and a return on equity of 10.65%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. analysts expect that Embraer will post 1.81 EPS for the current year.

The firm also recently disclosed a special dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 28th will be given a dividend of $0.1079 per share. The ex-dividend date is Wednesday, December 27th. This is a positive change from Embraer’s previous special dividend of $0.05. Embraer’s dividend payout ratio (DPR) is 11.57%.

A number of hedge funds have recently added to or reduced their stakes in ERJ. Global X Management Co. LLC lifted its position in Embraer by 2.3% during the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 169 shares during the last quarter. Seminole Management Co. Inc. bought a new position in Embraer during the second quarter valued at $182,000. Highbridge Capital Management LLC bought a new position in Embraer during the third quarter valued at $213,000. TD Asset Management Inc. bought a new position in Embraer during the third quarter valued at $237,000. Finally, Legal & General Group Plc lifted its position in Embraer by 32.6% during the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock valued at $245,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 50.09% of the company’s stock.

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