ERJ - Embraer S.A.
| Previous Close | 16.84 |
| Open | 16.89 |
| Bid | 16.76 x 900 |
| Ask | 16.77 x 800 |
| Day's Range | 16.68 - 17.03 |
| 52 Week Range | 15.86 - 21.10 |
| Volume | 282,156 |
| Avg. Volume | 715,998 |
| Market Cap | 3.26B |
| Beta (5Y Monthly) | -0.17 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.02 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.04 (0.21%) |
| Ex-Dividend Date | Dec 27, 2018 |
| 1y Target Est | 22.48 |
- PR Newswire
Material Fact: External and Independent Monitorship
Embraer S.A. ("Embraer" or "Company") informs its shareholders and the market that following the Company's Material Facts from May 19, 2015, July 29, 2016, October 12, 2016 and October 24, 2016, Embraer and the U.S. Department of Justice ("DOJ") agreed to extend the term of the external and independent monitorship carried out in the context of the deferred prosecution agreement entered into with the DOJ ("DPA") for an additional ninety (90) days ("Extension"), in order to allow the monitor to complete his review. As result of the Extension, the DPA shall also have its term extended for an additional ninety (90) days.
ReutersEMERGING MARKETS-Bovepsa gains on strong earnings, ebbing coronvarius concerns
* Real down despite central bank guidance on intervention * Strong U.S. data boosts dollar; Fed view of rates unchanged * Electric motor maker WEG SA jumps after results (Updates prices) By Sruthi Shankar Feb 19 (Reuters) - A batch of strong company results and a decline in the number of new coronavirus cases in China lifted Brazilian shares on Wednesday, although the real weakened for a third session. With Wall Street indexes hitting new record highs, an index of Latin American equities rose 0.6% as the tally of newly reported cases in China fell for a second day to the lowest since January.
- PR Newswire
EMBRAER S.A.: Embraer Delivers 198 total jets in 2019
Embraer (NYSE: ERJ; B3: EMBR3) delivered a total of 198 jets in 2019, of which 89 were commercial aircraft and 109 were executive jets (62 light and 47 large), which represents an increase of 9% compared to 2018, when the Company delivered a total of 181 jets. The deliveries were within the outlook ranges for 2019 of 85 to 95 for the commercial aviation market and of 90 to 110 for the business aviation market. In the fourth quarter of 2019, Embraer delivered 81 jets, being 35 commercial aircraft and 46 executive jets (20 light and 26 large). As of December 31, the firm order backlog totaled USD 16.8 billion. See details below:
- Reuters
Planemaker Embraer's backlog rises on orders of new E2 jets
The value of future firm orders at Brazil planemaker Embraer rose modestly to $16.8 billion in the fourth quarter, the company said in a securities filing, on the back of increased orders of its newest E195-E2 jet. Embraer delivered a total of 81 jets in the quarter, compared to 69 a year ago, lifted mostly by increased deliveries of executive jets.
- Reuters
Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach
Some of the world's biggest aircraft buyers are urging the European Union to clear Boeing's tie-up with Embraer, fearing Embraer's commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. Airbus, Europe's biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet programme - Embraer's main rival - as Canada's Bombardier sold out of the project it had set up.
- Reuters
Competition heats up in turboprop market
Competition is cranking up in the world of turboprops. For years turboprops were an ignored corner of the aircraft industry, accounting for about 120 aircraft a year compared with the more than 1,000 jets made by giants Airbus and Boeing. While intercontinental jet travel is vulnerable to trade wars and disruptions such as epidemics, regional development in archipelago nations like Indonesia is favouring the turboprop.
- Reuters
Prosecutors challenge antitrust approval of Boeing-Embraer tie-up
BRASÍLIA (Reuters) - Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA's commercial aviation division to Boeing Co, according to public filings. The deal had been approved without restrictions on Jan. 27 by Cade's General Superintendent Alexandre Cordeiro Macedo. Cade's top administrative council can still call for a review of the case, putting the matter to a vote.
ReutersMitsubishi Aircraft has 'hundreds' of airline commitments for SpaceJet M100 - exec
Japan's Mitsubishi Aircraft Corp has unannounced commitments from customers to buy hundreds of its SpaceJet M100 regional jets, but its first focus is on certifying its larger introductory model, the M90, a senior executive said on Tuesday. The company's biggest shareholder, Mitsubishi Heavy Industries last week said delivery of the first M90 would be delayed for at least another year until after March 2021, the sixth delay for the programme and a setback to Japan's commercial jet ambitions. Mitsubishi Aircraft Chief Development Officer Alex Bellamy said a test plane that had around 960 changes from the original design was due to fly in the coming weeks to prove its airworthiness to regulators.
- American City Business Journals
Mitsubishi SpaceJet bosses hit new turbulence, but remain upbeat about regional jet
Launched in 2008 amid much fanfare, Mitsubishi is years behind schedule after pumping more than $5.49 billion into its SpaceJet regional airliner.
ReutersMitsubishi postpones first SpaceJet delivery for at least another year
Japan's Mitsubishi Aircraft Corp said on Thursday it will delay the first delivery of its SpaceJet regional jet for at least another year until after March 2021. The sixth delay is another blow to Japan's commercial jet ambitions and will further raise the development cost of an aircraft that its maker's chief shareholder Mitsubishi Heavy Industries Ltd had planned to bring to market in 2013. The "first commercial delivery of SpaceJet is expected to be in FY2021 or later," Mitsubishi Heavy said in a statement Thursday when released its earnings for the quarter ending Dec. 31.
- American City Business Journals
United Airlines cuts Bay Area flights from Paine Field but expands Denver service
The Chicago-based airline is cutting its regional express flights to and from the Bay Area but is expanding its service to United's Denver hub airport. Here's why.
- Moody's
Miami-Dade County Industrial Development Auth, Adjustable Mode Airport Facility Revenue Bonds, 1999A, (FlightSafety Boeing Training Int'l LLC Project), $21.5MM -- Moody's downgrades Boeing's senior unsecured rating to Baa1; keeps review open on uncertain timing of MAX's return to service
Moody's Investors Service, Inc. ("Moody's") downgraded its senior unsecured debt ratings for The Boeing Company and of subsidiary, Boeing Capital Corporation, to Baa1 from A3. Moody's also affirmed the Prime-2 short-term rating, which is not on review. "Boeing's Q4 earnings indicate significantly higher cash burn in 2020 than previously anticipated, increasing reliance on debt for funding the impact of a lower-for-longer recovery of the MAX program," said Moody's Senior Vice President and lead analyst, Jonathan Root.
- PR Newswire
EMBRAER S.A.: Embraer and SkyWest, Inc. Sign Contract for 20 E175 Jets
Embraer and SkyWest, Inc. (NASDAQ: SKYW) signed a firm order for 20 E175 jets in a 76-seat configuration. The order has a value of USD 972 million, based on 2019 list prices, and is already included in Embraer's 2019 fourth-quarter backlog. Deliveries are expected to begin in the second half of 2020.
- Reuters
SkyWest adds 20 first-gen Embraer jets as order for new version remains on hold
SkyWest ordered 100 next-generation Embraer planes in 2013, but labor negotiations between pilot unions and airlines in the United States - where there are union restrictions on aircraft size - have so far not allowed regional carriers to fly the new plane. Due to the uncertainty, Embraer in 2018 removed the order for the newer E175-E2 from its backlog, a document where the planemaker lists the number of orders it has received for its various planes. SkyWest said on Thursday that its order for the E175-E2 was still on its books, but that its execution depended on reaching a new agreement with pilot unions, under a provision called the "scope clause".
- PR Newswire
Boeing and Embraer Welcome Brazilian Approval
Boeing [NYSE: BA] and Embraer [B3: EMBR3, NYSE: ERJ] welcome the unconditional approval of their strategic partnership by the Administrative Council for Economic Defense (CADE)'s General-Superintendence (SG) in Brazil. The decision will become final within the next 15 days unless a review is requested by CADE Commissioners. The partnership has now received unconditional clearance from every regulatory jurisdiction with the exception of the European Commission, which continues to assess the deal.
- Reuters
Brazil antitrust regulator gives nod to Boeing-Embraer deal
Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website. Cade's top administrative council could still call for a reconsideration of the case, putting the matter to a vote. The companies welcomed the move on Monday, with Boeing saying it remained confident of getting approval from the European Commission, the last hurdle to the transaction.
- Reuters
Mitsubishi's SpaceJet delivery plans postponed again to 2021 or 2022 - Nikkei
Japan's Mitsubishi Aircraft Corp has postponed delivery of the SpaceJet regional plane for a sixth time to late 2021 or 2022, according to a Nikkei report, pushing back the target from mid-2020. It represents another setback to Japan's ambitions of reviving its commercial jet industry, which has been dormant for 50 years. In November, the chief executive of the programme's largest shareholder, Mitsubishi Heavy Industries Ltd, told Reuters the company was rethinking the timetable for the SpaceJet and could no longer commit to mid-2020.
- InvestorPlace
7 Exciting Tech Stocks With International Flair
Thanks to the positive sentiment surrounding the U.S. and China signing a "phase one" trade agreement, several tech stocks have skyrocketed recently. That's not surprising considering that China is both a massive and still growing market for technological innovations. Nevertheless, investors may want to limit their exposure to the domestic space in favor of international names.For one thing, the U.S. equity sector has broadly and consistently outperformed its global counterparts over the last several years. Of course, this is not a guarantee that foreign companies will start beating out American competitors. However, markets generally move cyclically. Purely from a probability standpoint, it might make sense to consider international tech stocks.Furthermore, U.S. tech stocks exposed to geopolitical risks in a magnitude that you don't usually find with international counterparts. Let's face it: We're the world's sole superpower. And like it or not, it's our duty to support the cause of freedom wherever possible. But because of this moral mandate, we are necessarily involved in controversies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLong story short, our companies can be on the receiving end of unfavorable treatment, like in the U.S.-China trade war. However, some international tech stocks might avoid such geopolitically motivated troubles.Finally, international tech stocks have home field advantage. Although U.S. blue chips always have their eyes set on global expansion, international organizations best understand the nuances of their market or region. * 7 Healthcare Stocks With 100% Street Support So, if you're ready to step outside your comfort zone, here are seven international tech stocks to put on your radar. Mercadolibre (MELI)Source: Shutterstock E-commerce firm Mercadolibre (NASDAQ:MELI) is what I would call a time-capsule investment among international tech stocks to buy. Based in Argentina, Mercadolibre is actually the largest e-commerce platform in Latin America. Moreover, it leads in market share in the countries where it has a presence. In other words, MELI stock is beating out Amazon (NASDAQ:AMZN) in several emerging market nations.Because of its similarity to our homegrown e-commerce stalwart, most folks refer to Mercadolibre as the Amazon of Latin America. Personally, I think it's a fair comparison. However, MELI stock is a name you want to watch closely because the underlying organization is pushing beyond that title. The company sells merchandise, offers a merchant network platform, and has a payment processing service.Best of all, e-commerce adoption in Latin America is growing rapidly. Therefore, MELI stock is a long-term investment where patience can net huge returns. Embraer (ERJ)Source: Shutterstock When people think about aviation tech stocks, typically Boeing (NYSE:BA) and Airbus (OTCMKTS:EADSY) come quickly to mind. However, Brazilian firm Embraer (NYSE:ERJ) should also be on your list of publicly traded firms to watch closely. Perhaps most famous for its line of gorgeous executive airplanes, ERJ stock also has exposure to the lucrative defense market.But what makes Embraer stand out among international tech stocks is its innovative, envelope-pushing projects. Currently, the company has a partnership with Uber Technologies (NYSE:UBER) to develop aircraft for the transportation needs of tomorrow. While Uber has essentially catalyzed the ride-sharing phenomenon, it's not done: it wants to dominate the skies as well. That's a compelling reason to buy ERJ stock. * 7 Earnings Reports to Watch Next Week Want another reason? Historically, ERJ stock is undervalued. Since July of 2000, shares are actually down a bit. Basically, ERJ hasn't moved for 20 years. But a compelling partnership with Uber might change that. ASML (ASMLF)Source: Shutterstock I'm not really sure if you'd call ASML (OTCMKTS:ASMLF) a household name. But within the arena of international tech stocks, ASML is a true powerhouse. Headquartered in Veldhoven, Netherlands, the semiconductor firm has multiple corporate clients throughout the world. Chances are, if you used any modern digital device, you've used ASML products. Due to the organization's importance to the sector, having some exposure to ASMLF stock is likely a wise bet.A key driver for ASML is its innovations in lithography. This term describes "printing" unique patterns on silicon wafers via an advanced projection system. Furthermore, ASML is the world's sole tech firm that utilizes extreme ultraviolet light. Essentially, the company's next-generation technology allows it to imbue semiconductors with ever-increasing data capacities. And with multiple tech industries ranging from PCs to mobile devices clamoring for higher capacities, ASML stock is indefinitely relevant. Adyen (ADYEY)Source: Shutterstock Launched in the over-the-counter exchange early October of last year, Adyen (OTCMKTS:ADYEY) is by default one of the riskiest international tech stocks. Therefore, I'll warn you upfront and early that ADYEY stock is not for the faint of heart. Indeed, the disappointing environment surrounding much-hyped international public offerings should give you some pause.At the same time, ADYEY stock is undeniably compelling. Adyen started life as an idea to bring payments transactions for businesses under one cohesive umbrella. Given that Adyen is headquartered in the heart of western Europe, I can see why the founders got this concept. * 10 Recession-Resistant Services Stocks to Buy Later, the company evolved into an e-commerce, business solutions and data analytics platform. Basically, it's the European version of Square (NYSE:SQ). Now, I like Square's growth prospects in the U.S. and certain international markets. But Adyen may offer an understanding of the European business environment that gives it a distinct advantage. Therefore, a speculative but measured shot on ADYEY stock isn't a bad idea. Momo (MOMO)Source: Shutterstock Almost always, one of the justifications for buying China-based publicly traded companies is the underlying country's population size. At roughly 1.4 billion, China technically has the world's biggest addressable market for everything. But in my opinion, only few companies like Momo (NASDAQ:MOMO) can use this population statistic to its benefit.Momo is a video and social networking app. That said, investors know MOMO stock as the Tinder of China. Most people use Tinder as a dating service, and so it is with Momo despite it being a more broad-usage social app.Now, you understand why I think population size matters for MOMO stock. Demographically, the underlying company has hit a home run: approximately 80% of the app's users are between 19 to 32 years old. Many of these individuals will be interested in using its services to socialize and set up dates. Sony (SNE)Source: Shutterstock In many ways, Sony (NYSE:SNE) was the dominant consumer electronics player before Apple (NASDAQ:AAPL) ruined everything. First, Apple's iPod obliterated Sony's iconic Walkman, which by then turned into a physically hulking device. Later, the iPhone and iPad separated the two companies by several lightyears, leaving SNE stock as a sad shell of its former self.However, one look at the technical charts will confirm that Sony has found its way. In my view, one of the most compelling drivers for SNE stock is the Japanese tech firm's sensor technology. Featured in multiple smartphone brands, including the current-generation iPhone, Sony has impressed millions of mobile users across the globe. And it's set to do it again with even bigger, more powerful sensors for Apple's future iPhone 12. * 10 Stocks to Buy as the 2020 Presidential Election Approaches Lastly, you should consider SNE stock among your international tech stocks to buy for Sony's unfailing PlayStation business unit. Yes, over the last several years, the Japanese icon attracted much scorn. However, its PlayStation unit is a different animal. And with the PS5 console coming out later this year, SNE is a strong opportunity. Jumia Technologies (JMIA)Source: Shutterstock At the top of this list of international tech stocks to buy, I mentioned Mercadolibre, the Amazon of Latin America. I'm going to take it full circle with Jumia Technologies (NYSE:JMIA), which many people regard as the Amazon of Africa.Similar to Mercadolibre, JMIA stock has an extraordinarily fascinating broad-view narrative. Indeed, the African continent may represent the most compelling narrative. According to data compiled by Quartz Africa, the continent's "consumer e-commerce market, valued at $5.7 billion in 2017, is less than 0.5% of the continent's GDP, far below the global average of 4%."If you want to talk about an addressable market, Jumia Technologies has ridiculous upside potential. But will this translate to strong returns for JMIA stock?It might due to many efforts to bring African populations into the financial system. If and when they become banked, their access to e-commerce platforms will logically increase.However, the African market is largely a frontier one. Thus, a short-seller made sharp, though unverified accusations of fraud against JMIA stock. One thing is for sure: If you're going to gamble here, do so carefully.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy as the 2020 Presidential Election Approaches * 5 Dividend Stocks With Low Payout Ratios and High Yields * 4 Post-Holiday Retail Stocks Still Worth a Look The post 7 Exciting Tech Stocks With International Flair appeared first on InvestorPlace.
