Embraer S.A. designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Defense and Security; Executive Jets; Service & Support; and Other segments. The Defense and Security segment engages in the research, development, production, modification, and support for military defense and security aircraft, as well as offers a range of products and integrated solutions that include radars, special space systems (satellites), and information and communications systems, such as command, control, communications, computer, intelligence, surveillance, and reconnaissance systems. The Executive Jets segment develops, produces, and sells executive jets. It also leases Legacy 600 and Legacy 650 executive jets in the super midsize and large categories; Legacy 450 and Legacy 500 executive jets in the midlight and midsize categories; Phenom family executive jets in the entry jet and light jet categories; Lineage 1000, an ultra-large executive jet; and Praetor 500 and Praetor 600, disruptive executive jets in the midsize and super midsize categories. The Service & Support segment offers after-service solutions, support, and maintenance, repair, and overhaul services for commercial, executive, and defense aircraft; provides aircraft components and engines; and supplies steel and composite aviation structures to various aircraft manufacturers. The Other segment is involved in the supply of fuel systems, structural parts, and mechanical and hydraulic systems; and production of agricultural crop-spraying aircraft. The company was formerly known as Embraer-Empresa Brasileira de Aeronáutica S.A. and changed its name to Embraer S.A. in November 2010. Embraer S.A. was founded in 1969 and is headquartered in São Paulo, Brazil.
IPO Year: 2000
Exchange: NYSE
Website: embraer.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/4/2024 | $26.00 → $41.00 | Hold → Buy | TD Cowen |
3/26/2024 | $21.00 → $28.50 | Buy → Neutral | UBS |
2/6/2024 | $18.00 → $19.00 | Buy → Hold | HSBC Securities |
10/16/2023 | $16.00 | Neutral → Buy | Citigroup |
1/9/2023 | $14.00 | Buy | UBS |
10/11/2022 | $14.00 | Outperform | Wolfe Research |
1/20/2022 | $20.00 → $23.00 | Equal-Weight → Overweight | Morgan Stanley |
11/11/2021 | $16.00 → $24.00 | Neutral → Buy | UBS |
11/11/2021 | Neutral → Buy | UBS | |
9/23/2021 | $23.00 | Neutral → Buy | Goldman |
The report was presented at a press briefing during the Farnborough International Airshow today.
- Reuters
Commercial deliveries soared circa 170% sequentially while Executive Jets grew 50% US$21.1 bn company wide backlog up more than 20% annually 20 E2 jets order from Mexicana de Aviación 2nd C-390 Millennium aircraft delivered to Portugal
UBS analyst Alberto Valerio maintains Embraer (NYSE:ERJ) with a Neutral and raises the price target from $28.5 to $29.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume RKLB PUT SWEEP BEARISH 01/16/26 $3.00 $42.0K 19.9K 5.8K UBER CALL SWEEP BEARISH 12/20
- Bloomberg
- Reuters
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
6-K - EMBRAER S.A. (0001355444) (Filer)
The country will become the sixth operator of the aircraft in South America along with Brazil, Chile, Colombia, Ecuador and Paraguay MONTEVIDEO, Uruguay, Aug. 26, 2024 /PRNewswire/ -- Embraer today announced the sale of up to six A-29 Super Tucano aircraft to the Uruguayan Air Force (FAU). The contract, which is part of a fleet renew program to expand FAU's operational capacity, provides for the acquisition of one aircraft plus the commitment to acquire five additional units, with deliveries scheduled from 2025, including mission equipment, integrated logistics services and a flight simulator. With this order, Uruguay becomes the sixth nation to operate the A-29 Super Tucano in South Americ
E190-E2 fleet to be based in Perth, Western AustraliaEmbraer's E2 offers outstanding comfort, performance, the lowest noise emissions and fuel burnDelivery starts 2H2025PERTH, Australia, Aug. 12, 2024 /PRNewswire/ -- Virgin Australia has placed a firm order with Embraer ((B3: EMBR3, NYSE:ERJ) for eight E190-E2 small narrowbody aircraft, as part of its fleet renewal plan. The order will see the E190-E2, the world's most fuel-efficient single-aisle aircraft with the lowest noise emissions, complement the airline's larger narrowbodies and replace its long-serving Fokker fleet. The order will be reflected in Embraer's Q3 backlog and deliveries are scheduled to begin in the second half of 2025.
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) RELEASES ITS SECOND QUARTER 2024 EARNINGS RESULTS. HIGHLIGHTS Embraer delivered 47 jets in 2Q24 of which 27 were executive jets (20 light and 7 medium), 19 were commercial jets and 1 multi-mission C-390 Millennium in Defense – an increase of 88% compared to the 25 aircraft delivered in 1Q24.Firm order backlog of US$21.1 billion in 2Q24 – a 7-year high, up more than 20% annually. For more information please see our 2Q24 Backlog and Deliveries release.Revenues totaled US$1,494 million in the period or an increase of 67% compared to the previous quarter (qoq). Highlight for Commercial Aviation revenues with 176% growt
Worldwide demand for 10,500 sub-150-seat jets and turbopropsValue of new orders USD 640 billionNorth America, followed by Asia Pacific and Europe will lead jet deliveriesFARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- Embraer has published Market Outlook 2024, its 20-year forecast for commercial aircraft deliveries in the sub-150-seat category. The report was presented at a press briefing during the Farnborough International Airshow today. Market Outlook 2024 estimates 10,500 orders for new jets and turboprops through 2043. It also presents analyses of global influences and trends in six world regions that impact the demand for new aircraft. The relevance of the small narrowbody categor
The agreement provides for the delivery of six aircraft to the Air Force starting in 2025. FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- Embraer ((B3: EMBR3, NYSE:ERJ) announced today during the Farnborough International Airshow, the most important aerospace industry event of the year, the sale of six A-29 Super Tucano aircraft to the Paraguayan Air Force (FAP). As a multi-mission aircraft, the A-29 provides the Air Forces with versatility for armed reconnaissance, close air support, light attack, and advanced training missions on a single platform, which exponentially increases the institutions' availability and operational flexibility. The operation, with deliveries scheduled from 2
Common fleet will allow both nations to cooperate and benefit from synergies in areas like training, logistics and future growth of the platformThe Netherlands will receive five aircraft and Austria, fourFARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- The Dutch Ministry of Defense signed the contract today for the acquisition of nine Embraer C-390 Millennium aircraft during a ceremony at the Farnborough Airshow. As part of the project 'Replacement of Tactical Airlift Capacity', the contract is a joint purchase, in cooperation with Austria – five aircraft for the Royal Netherlands Air Force and four aircraft for the Austrian Air Force. With this joint order, both countries aim at increas
Commercial deliveries soared circa 170% sequentially while Executive Jets grew 50%US$21.1 bn company wide backlog up more than 20% annually 20 E2 jets order from Mexicana de Aviación2nd C-390 Millennium aircraft delivered to PortugalSÃO PAULO, July 18, 2024 /PRNewswire/ -- Embraer (NYSE:ERJ, B3: EMBR3))) delivered 47 jets in 2Q24, an 88% increase compared to the previous quarter (qoq), when 25 jets were delivered. The company's overall backlog ended at US$21.1 billion, more than 20% higher annually (yoy) and a 7-year high. Commercial Aviation was the highlight of the quarter with 19 jets deliveries – or circa 170% more qoq (7 jets in 1Q24). Meanwhile, Executive Jets delivered a solid perform
EDGEWOOD, N.Y., June 10, 2024 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. ("CPI Aero" or the "Company") (NYSE:CVU) announced that Embraer S.A. of Brazil (NYSE:ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through mid-2025. "We are proud to be part of the successful Phenom 300 program. Earlier this year we delivered our 800th shipset of Phenom 300 Engine Inlets to Embraer. These follow-on orders are a testimony of CPI Aero team's performance that continues to deliver high quality inlets to this long standing custome
Firm deal is for 10 E190-E2 and 10 E195-E2 new aircraftDeliveries start 2Q25SÃO JOSÉ DOS CAMPOS, Brazil,, June 3, 2024 /PRNewswire/ -- Mexicana de Aviación, Mexico's state-owned carrier, has ordered 20 Embraer (NYSE:ERJ, B3: EMBR3))) E2 aircraft. The deal is for 10 E190-E2 and 10 E195-E2 jets. Deliveries will begin in 2Q25. Mexicana will configure the E190-E2 with 108 seats, and the E195-E2 with 132 seats – both in a single class layout. Mexicana will be the first E2 operator in Mexico, benefitting from the E2's low operating costs and fuel efficiency, highlighting Mexicana and Embraer's commitment to sustainability, and improving the efficiency of aviation. With this strategic decision the
SÃO PAULO, May 7, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its first Quarter 2024 Earnings Results. HIGHLIGHTS 2024 Guidance reiterated: Management believes current estimates are still valid and represent evenly balanced risks and opportunities for full year operations. Commercial Aviation deliveries between 72 and 80 aircraft, and Executive Aviation deliveries between 125 and 135. Total company revenues in the US$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow of US$220 million or higher.Embraer delivered 25 jets in 1Q24 of which 18 were executive jets (11 light and 7 medium) and 7 were commercial jets – an increase o
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) RELEASES ITS SECOND QUARTER 2024 EARNINGS RESULTS. HIGHLIGHTS Embraer delivered 47 jets in 2Q24 of which 27 were executive jets (20 light and 7 medium), 19 were commercial jets and 1 multi-mission C-390 Millennium in Defense – an increase of 88% compared to the 25 aircraft delivered in 1Q24.Firm order backlog of US$21.1 billion in 2Q24 – a 7-year high, up more than 20% annually. For more information please see our 2Q24 Backlog and Deliveries release.Revenues totaled US$1,494 million in the period or an increase of 67% compared to the previous quarter (qoq). Highlight for Commercial Aviation revenues with 176% growt
SÃO PAULO, May 7, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its first Quarter 2024 Earnings Results. HIGHLIGHTS 2024 Guidance reiterated: Management believes current estimates are still valid and represent evenly balanced risks and opportunities for full year operations. Commercial Aviation deliveries between 72 and 80 aircraft, and Executive Aviation deliveries between 125 and 135. Total company revenues in the US$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow of US$220 million or higher.Embraer delivered 25 jets in 1Q24 of which 18 were executive jets (11 light and 7 medium) and 7 were commercial jets – an increase o
SÃO PAULO, March 18, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its FOURTH Quarter 2023 AND FISCAL YEAR 2023 Earnings Results. HIGHLIGHTS Embraer delivered 75 jets in 4Q23, of which 25 were commercial aircraft, 49 were executive jets (30 light and 19 medium) and 1 was a military C-390. In 2023, the company delivered a total of 181 jets, of which 64 were commercial aircraft, 115 were executive jets (74 light and 41 medium) and 2 were military C-390. Embraer's deliveries increased 13% year-on-year (yoy) when compared to the 160 jets in 2022. The company continues to face supply chain delays which have negatively impacted 2023 results.Firm order backlog ended 4Q23 at US
SÃO PAULO, Aug. 14, 2023 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its SECOND Quarter 2023 Earnings Results. HIGHLIGHTS Embraer delivered 47 jets in the second quarter, of which 17 commercial aircraft and 30 executive jets (19 light and 11 mid-size). A strong increase of 47% in total deliveries compared to 2Q22. Revenues reached US$ 1,292 million in the quarter (27% higher than 2Q22 and 80% higher than 1Q23). In Commercial Aviation it represented a double-digit growth of 57% and in Executive Aviation 42% YoY.Adjusted EBIT of 7.7% compared to 8.0% in 2Q22 due to different revenue mix, in line with company expectation.Firm order backlog ended 2Q23 at US$ 17.3 billion stable
SÃO PAULO, May 4, 2023 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its first Quarter 2023 Earnings Results. HIGHLIGHTS 1Q according to management expectations in line with Company plan. Embraer delivered 15 jets in the first quarter, of which 7 commercial aircraft and 8 executive jets (6 light and 2 mid-size).Firm order backlog ended 1Q23 at US$ 17.4 billion stable quarter over quarter, higher in Executive Jets and Services & Support.Revenues reached US$ 717 million in the quarter (19% higher than 1Q22), in line with Company forecast.Adjusted Free Cash Flow w/o EVE (FCF) in 1Q23, with cash consumption of US$ 399 million, due to seasonality and in preparation for higher deli
SÃO PAULO, Nov. 14, 2022 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its Third Quarter 2022 Earnings Results. HIGHLIGHTS Embraer delivered 10 commercial jets and 23 executive jets (15 light / 8 mid/super-midsize jets) in 3Q22, bringing YTD deliveries to 27 commercial jets and 52 executive jets (33 light /19 mid/super-midsize jets). Although deliveries have been back ended to 4Q22 due to supply chain challenges in 2022, they are close to historical average for the quarter.Reported 3Q22 consolidated gross margin of 19.1% compared to 19.0% reported in 3Q21. As a reference, 9M22 consolidated gross margin of 20.9% higher than 16.0% reported in same period of 2021.Adjusted EBIT
SÃO PAULO, Aug. 4, 2022 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its Second Quarter 2022 Earnings Results. HIGHLIGHTS Firm order backlog ended 2Q22 at US$ 17.8 billion (+US$0.5 billion versus 1Q22). This is the highest quarter backlog post pandemic, driven by solid order activity. Recent announcement of 20 E195-E2 firm order of Porter will be included in 3Q22 backlog.Reported 2Q22 consolidated gross margin of 22.9% higher than 18.2% reported in 2Q21, with y-o-y improvement in most segments due to product mix, pricing increase and overall operational performance, including tax efficiencies. Adjusted EBIT and EBITDA were US$ 81.2 million and US$ 124.6 million, respectivel
Eve Holding, Inc. to Trade on the New York Stock Exchange Under the Symbol "EVEX" MELBOURNE, Fla., May 9, 2022 /PRNewswire/ -- Eve Holding, Inc. (the "Company") (NYSE:EVEX, EVEXW))) , formerly known as Zanite Acquisition Corp. (NASDAQ:ZNTE, ZNTEU, ZNTEW))) ("Zanite"), announced today that it has closed the previously announced business combination (the "transaction") with Eve UAM, LLC ("Eve"), a leader in the development of next-generation Urban Air Mobility ("UAM") solutions and a subsidiary of Embraer S.A. ("Embraer") (NYSE:ERJ, B3: EMBR3))). The transaction was approved by Zanite's stockholders on May 6, 2022. With the transaction now complete, Zanite has changed its name to "Eve Holding,
SÃO PAULO, April 28, 2022 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its First Quarter 2022 Earnings Results. HIGHLIGHTS Embraer delivered 14 jets in the first quarter, of which 6 commercial aircraft and 8 executive jets (6 light and 2 mid-size).Firm order backlog ended 1Q22 at US$ 17.3 billion (+US$0.3 billion versus 4Q21). This is the highest quarter backlog since 2Q18, driven by solid order activity.Revenues reached US$ 600.9 million in the quarter, down 26% compared to 1Q21, with almost one month of production shut down due to system and legal reintegration of Commercial Aviation in January. In contrast, reported consolidated gross margin of 20.1% was higher than the 9
SÃO PAULO, March 9, 2022 /PRNewswire/ -- EMBRAER S.A. (NYSE:ERJ, B3: EMBR3))) releases its Fourth Quarter and Fiscal Year 2021 Earnings Results. HIGHLIGHTS Embraer delivered 55 jets in the fourth quarter, of which 16 commercial aircraft and 39 executive jets (26 light and 13 mid-size). In 2021, a total of 141 jets were delivered comprised of 48 commercial aircraft and 93 executive jets (62 light and 31 mid-size). Firm order backlog ended 4Q21 at US$ 17.0 billion. This is the highest quarter backlog since 2Q18, driven by solid order activity, particularly in the Executive & Commercial segments. Book to bill in excess 2:1 for Commercial and Executive.Revenues reached US$ 1.3 billion in the qua
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TD Cowen upgraded Embraer SA from Hold to Buy and set a new price target of $41.00 from $26.00 previously
UBS downgraded Embraer SA from Buy to Neutral and set a new price target of $28.50 from $21.00 previously
HSBC Securities downgraded Embraer SA from Buy to Hold and set a new price target of $19.00 from $18.00 previously
Citigroup upgraded Embraer SA from Neutral to Buy and set a new price target of $16.00
UBS initiated coverage of Embraer SA with a rating of Buy and set a new price target of $14.00
Wolfe Research initiated coverage of Embraer SA with a rating of Outperform and set a new price target of $14.00
Morgan Stanley upgraded Embraer SA from Equal-Weight to Overweight and set a new price target of $23.00 from $20.00 previously
UBS upgraded Embraer SA from Neutral to Buy and set a new price target of $24.00 from $16.00 previously
UBS upgraded Embraer from Neutral to Buy
Goldman upgraded Embraer SA from Neutral to Buy and set a new price target of $23.00