ERJ - Embraer S.A.
| Previous Close | 17.53 |
| Open | 17.73 |
| Bid | 17.96 x 1000 |
| Ask | 17.97 x 3100 |
| Day's Range | 17.66 - 17.99 |
| 52 Week Range | 15.86 - 23.68 |
| Volume | 529,967 |
| Avg. Volume | 784,179 |
| Market Cap | 3.321B |
| Beta (3Y Monthly) | -0.26 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.02 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.04 (0.24%) |
| Ex-Dividend Date | 2018-12-28 |
| 1y Target Est | 22.93 |
- Reuters
UPDATE 1-Brazil association takes fight against Embraer-Boeing deal to Europe
An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co, calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions.
- Reuters
Brazil association takes fight against Embraer-Boeing deal to Europe
An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co , calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions. "What will be left from Embraer won't survive, and even if it was possible to survive, Embraer wouldn't be able to produce any aircraft with 50 passengers or more," Valporto said in an interview late on Wednesday, arguing that Embraer and Boeing planes compete in the marketplace.
- Reuters
Embraer investor wants EU to block "killer" Boeing deal
EU antitrust regulators should block Boeing's $4.2 billion purchase of Embraer's commercial passenger jet division or demand hefty concessions, the head of Brazilian investor group Abradin said, calling it a killer acquisition. Aurelio Valporto complained about the deal to the European Commission two months ago, saying it created hurdles to competition in the Brazilian aerospace industry, and on Wednesday took his grievance to Brazil's antitrust watchdog CADE. Boeing is buying 80% of Embraer's commercial jets division, its most profitable, to compete directly with Airbus in the market for planes with fewer than 150 seats.
- Reuters
Deals of the day-Mergers and acquisitions
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
- Reuters
Brazilian investor group Abradin files complaint against Embraer-Boeing deal
A Brazilian group representing minority investors filed a complaint on Tuesday with Brazil's antitrust watchdog CADE against the Embraer-Boeing deal. The head of the Abradin group, Aurelio Valporto, said it asked for an investigation of the deal. Abradin also filed a complaint with the European Commission two months ago arguing that the acquisition of Embraer SA's commercial division by Boeing Co creates hurdles to competition in the Brazilian aerospace industry.
- Zacks
Curtiss-Wright Signs Agreement to Acquire 901D Holdings
Curtiss-Wright's (CW) acquisition of 901D Holdings is likely to be accretive to its 2020 adjusted diluted earnings per share and produce a free cash flow conversion rate in excess of 100%.
- American City Business Journals
Study: Sea-Tac will be unable to meet passenger demand by 2050
The Puget Sound region may need not one, but potentially several, new airports to cope with its surging aviation growth, says the Puget Sound Regional Council's Josh Brown, who is leading a deep-dive study on the issue.
- Zacks
Stocks That Made the Most of Dubai Air Show 2019
More than $50 billion of aircraft were sold at the recently held Dubai Air Show Exhibition.
- Reuters
Chinese antitrust regulator approves Boeing-Embraer deal
A Chinese antitrust regulator has approved Boeing Co's deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer , according to a statement on the regulator's website. The Boeing-Embraer deal appears on a list dated Nov. 19 of transactions "approved unconditionally" that is posted to the website of the Chinese State Administration for Market Regulation's anti-monopoly department. Boeing, the world's largest planemaker, has been seeking to finalize its purchase of 80% of Embraer's commercial jet division in a bid to compete with Europe's Airbus in the market for planes with fewer than 150 seats.
- American City Business Journals
Boeing wins orders, commitments for more Maxes, Dreamliners in Dubai (Photos)
Boeing is entering the busy year-end delivery period and preparing for a grinding effort to get the Max returned to service.
- American City Business Journals
Boeing lands 737 Max order in Dubai, but Airbus steals the spotlight
Boeing's new orders come after a slow year for the jet maker as it grapples with the Max crisis, while Airbus unveiled a blockbuster order for its single-aisle jets.
- PR Newswire
EMBRAER S.A.: CIAF Leasing Signs Order with Embraer for Three E190 Jets
DUBAI , Nov. 18, 2019 /PRNewswire/ -- Embraer and Cairo -based CIAF Leasing have signed a firm order for three E190 aircraft. The deal has a value of USD 161.4 million at current list prices and will be ...
- PR Newswire
EMBRAER S.A.: Air Peace Signs a Firm Order for Three additional E195-E2 jets
DUBAI , Nov. 18, 2019 /PRNewswire/ -- Embraer announced today, at the Dubai Air Show, that Air Peace, Nigeria and West Africa's largest airline, has signed a contract for three additional E195-E2s, confirming ...
- PR Newswire
Embraer unveils its multi-mission medium airlift name and designation: C-390 Millennium
Dubai, Nov. 18, 2019 /PRNewswire/ -- Embraer today announced at the Dubai Air Show the name and designation of its multi-mission medium aircraft, the Embraer C-390 Millennium. The new designation reflects increased flexibility and value for operators that look for a transport/cargo aircraft to perform airlift and air mobility missions, among others. In 2009, the Brazilian Air Force (FAB) contracted Embraer to design, develop and manufacture the aircraft as a replacement for its aging C-130 fleet.
- PR Newswire
Boeing Embraer - Defense Joint Venture to Develop New Markets for the C-390 Millennium
DUBAI, Nov. 18, 2019 /PRNewswire/ -- Boeing (BA) and Embraer (EMBR3.SA) (ERJ) today announced their joint venture to promote and develop new markets for the C-390 Millennium multi-mission airlift and air mobility aircraft will be called Boeing Embraer – Defense. The organization will only be operational after the companies' joint venture receives regulatory approvals and meets closing conditions. "Boeing Embraer – Defense will build on our companies' history of collaboration across commercial and defense aerospace to unlock significant value in the state-of-the-art C-390 Millennium as it enters service and leads the next generation of airlift and air mobility aircraft," said Marc Allen, Boeing's president of Embraer Partnership and Group Operations.
- American City Business Journals
Lawmakers propose $25M federal campaign to address aerospace worker shortage
Washington U.S. Rep. Rick Larsen led a group of bipartisan lawmakers that introduced a bill Friday providing for a $25 million campaign to promote careers in aerospace and other transportation sectors.
- American City Business Journals
Business jet, piston airplane deliveries notch double-digit growth in 2019 (Photos)
Business jet deliveries surged by 15 percent in the first three quarters of the year to 516, compared with 447 during the same period in 2018.
- GuruFocus.com
PRIMECAP Management's Most Significant 3rd-Quarter Portfolio Changes
Firm buys into cybersecurity and oil, sells Airbus Continue reading...
- Reuters
Embraer lowers dividend guidance, burns cash, as Boeing deal hits snags
Brazilian planemaker Embraer signalled it may issue a smaller dividend to shareholders as it burns through cash before finalizing a $4.2 billion commercial passenger jet deal with Boeing, which faces regulatory hurdles. Embraer now expects the dividend to range between $1.3 billion-$1.6 billion, compared with previous guidance of $1.6-billion-$1.7 billion, the company said in a securities filing. During an earnings call with analysts, executives said the dividend guidance was lowered due to additional cash needs in 2019, partly due to cost base revisions to a new military plane.
- Reuters
EMERGING MARKETS-Chile peso slumps to record low; Trump trade speech eyed
* Chile stocks touch 2-1/2 year low * Brazil, Mexico currencies fall as Trump speech awaited * Planemaker Embraer hits one-month low after results * Focus on Mexican central bank meeting on Thursday By Sagarika Jaisinghani and Susan Mathew Nov 12 (Reuters) - Chile's peso sank 4% to a record low on Tuesday as massive anti-government street protests showed signs of intensifying further, while currencies in Brazil and Mexico dropped as the dollar strengthened ahead of a speech by U.S. President Donald Trump on trade later in the day. The Chilean peso fell to 790.98 against the dollar, while stocks slumped to a two-and-a-half-year low, after state workers signalled they were not satisfied with the government's decision to rewrite the country's dictatorship-era constitution.
- Zacks
Embraer's (ERJ) Earnings Miss Estimates in Q3, Revenues Up
Embraer's (ERJ) third-quarter 2019 revenues increase on a year-over-year basis.
