Shares of Erickson Inc. (NASDAQ:EAC) have received a consensus rating of “Hold” from the six brokerages that are presently covering the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $2.00.
Separately, Bank of America Corp. restated a “neutral” rating on shares of Erickson in a report on Sunday, July 31st.
Erickson (NASDAQ:EAC) opened at 0.48 on Wednesday. Erickson has a 52-week low of $0.34 and a 52-week high of $3.56. The stock’s market cap is $6.67 million. The firm has a 50-day moving average price of $0.46 and a 200 day moving average price of $0.87.
Erickson (NASDAQ:EAC) last posted its quarterly earnings data on Monday, August 15th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by $2.17. Erickson had a negative return on equity of 74.54% and a negative net margin of 25.65%. The business had revenue of $50.80 million for the quarter, compared to analysts’ expectations of $55 million. During the same quarter in the prior year, the firm earned ($0.73) earnings per share. Erickson’s revenue for the quarter was down 24.2% compared to the same quarter last year. Equities analysts anticipate that Erickson will post ($2.65) earnings per share for the current year.
Erickson Incorporated is a provider of aviation services to both commercial and governmental entities in approximately 20 countries. The Company’s operating segments include Commercial Aviation Services, Global Defense and Security, and Manufacturing and Maintenance, Repair and Overhaul (MRO). The Company owns and operates a fleet of aircraft and provides a range of aerial services, including critical supply and logistics for deployed military forces, humanitarian relief, firefighting, timber harvesting, infrastructure construction and crewing.
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