Embraer (NYSE:ERJ) Stock, Quote.Headers.trade-ideas

Embraer

Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the following segments: Commercial Aviation; Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment.

Eve Air Mobility

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Embraer-Empresa Brasileira De Aeronautica

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Electric vertical take-off and landing (eVTOL) aircraft manufacturer Eve Air Mobility said on Tuesday that it is appointing former Rolls-Royce executive Megha Bhatia as its new Chief Commercial Officer (CCO).

Embraer-Controlled Eve Air Mobility Ropes In Former Rolls-Royce Exec As Chief Commercial Officer

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Embraer shares are trading lower after concluding its pending arbitration with Boeing, resulting in a $150 million payment to Embraer.

Boeing Settles Deal Fallout With Embraer For $150M: Details

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EADSY

Embraer S.A. (NYSE: ERJ) recently clinched a contract from Virgin Australia for delivering eight of its E190-E2 small narrowbody aircraft. Deliveries are expected to start in the second half of 2025.

Embraer Secures Contract to Deliver 8 E190-E2 Jets

Embraer SA

Electric vertical take-off and landing (<a href="https://www.benzinga.com/news/23/06/32868889/fly-above-the-gridlock-san-francisco-to-get-electric-commuter-flights-by-2026">eVTOL</a>) aircraft manufacturer&nbsp;Eve Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVEX#NYSE">EVEX</a>) said on Tuesday that it is appointing former Rolls-Royce executive Megha Bhatia as its new Chief Commercial Officer (CCO).
What Happened: Bhatia will oversee Eve&#8217;s global sales, market intelligence, and government relations divisions in her new role, the company said. 
According to Bhatia&#8217;s LinkedIn profile, she is joining Eve from Jet Support Services where she was Chief Strategy Officer. Before that, she held several positions at Rolls-Royce and worked with the automaker for about 13 years.
&#8220;Megha&#8217;s extensive experience and strategic leadership are going to be instrumental as Eve prepares for LOI conversion into firm orders&#8221;, said Eve CEO Johann Bordais.
&#8220;Her ability to drive growth, manage large P&amp;Ls, and lead high-performing teams, combined with her deep understanding of the aviation industry, make her an invaluable addition to our executive team.&#8221;
Why It Matters: Eve is controlled by Brazilian planemaker Embraer SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>).
It has received potential orders for 2,900 eVTOL aircraft from 30 customers around the globe and expects them to <a href="https://www.benzinga.com/news/23/11/36018355/embraer-controlled-eve-air-mobility-partners-with-flynas-to-explore-evtol-possibilities-in-saudi-ara">enter service in 2026</a>.
The company recently assembled its first full-scale eVTOL prototype at the Embarer test facility in Sao Paulo State. The company is now looking to conduct testing of the aircraft.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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Photo courtesy: Eve Air Mobility

B of A Securities analyst Ronald Epstein maintains Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) with a Buy and maintains $40 price target.

Price Target

B of A Securities Maintains Buy on Embraer, Maintains $40 Price Target

Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) shares are trading lower on Monday. The company disclosed that the pending arbitration with Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40878530/embraer-s-a-material-fact" rel="noreferrer noopener"> its affiliates has concluded</a>.
As per the agreement, Boeing will pay Embraer $150 million. Notably, the arbitration is related to Boeing&#8217;s termination of the Master Transaction Agreement (MTA) worth <a href="https://embraer.com/global/en/news?slug=1206709-embraer-says-that-boeing-wrongfully-terminated-the-master-transaction-agreement" target="_blank" rel="noreferrer noopener">$4.2 </a>billion transaction in April 2020.
At that time, Embraer contended that Boeing wrongfully terminated the MTA, using false claims to evade the deal&#8217;s closure, and alleged that Boeing&#8217;s delays and violations stemmed from its own financial and operational issues.
Last month, Embraer disclosed a contract to sell up to six A-29 Super Tucano aircraft <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40559289/embraer-sells-a-29-super-tucano-to-the-uruguayan-air-force" rel="noreferrer noopener">to the Uruguayan Air Force (FAU)</a>.
The deal includes one immediate purchase and a commitment for five more, with deliveries starting in 2025.
In the second quarter, Embraer&#8217;s adjusted free cash flow, excluding Eve, was negative $215 million due to increased working capital requirements to support a higher volume of<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40254537/embraer-earnings-results-2nd-quarter-2024" rel="noreferrer noopener"> deliveries in the second half of 2024</a>.
Investors can gain exposure to the stock via&nbsp;AdvisorShares Dorsey Wright ADR ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADR#NASDAQ">AADR</a>) and Clough Select Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBSE#NYSE">CBSE</a>).
Price Action: ERJ shares are down 3.69% at $35.59 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40867999/over-30-000-boeing-workers-are-standing-shoulder-to-shoulder-union-leader-says-strike-could-go-on-fo" target="_blank" rel="noreferrer noopener">Over 30,000 Boeing Workers Are &#8216;Standing Shoulder To Shoulder,&#8217; Union Leader Says &#8216;Strike Could Go On For A While&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Rumors

Watching Embraer S.A.; Traders Circulate Stock Picked By Popular Newsletter As a Buy

Deep-pocketed investors have adopted a bullish approach towards Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ERJ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Embraer. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 36% bearish. Among these notable options, 2 are puts, totaling $345,892, and 9 are calls, amounting to $531,412.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Embraer during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Embraer's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Embraer's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days. 
<h3>Embraer Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725474643_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ERJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$40.00</td>
<td>$309.8K</td>
<td>6</td>
<td>419</td>
</tr>
<tr>
<td>ERJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.45</td>
<td>$1.35</td>
<td>$1.36</td>
<td>$35.00</td>
<td>$133.2K</td>
<td>2.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>ERJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.9</td>
<td>$0.7</td>
<td>$0.9</td>
<td>$45.00</td>
<td>$101.9K</td>
<td>156</td>
<td>1.2K</td>
</tr>
<tr>
<td>ERJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.0</td>
<td>$5.4</td>
<td>$5.5</td>
<td>$30.00</td>
<td>$55.0K</td>
<td>3.4K</td>
<td>236</td>
</tr>
<tr>
<td>ERJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.0</td>
<td>$4.9</td>
<td>$5.0</td>
<td>$30.00</td>
<td>$50.0K</td>
<td>3.4K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Embraer</h3>
Embraer SA based in Sao Paulo, Brazil, manufacturer of jets. Its focus is to achieve customer satisfaction with and services addressing the commercial airline, executive jets, and defense and security markets. It has developed a customer-centric technology-driven portfolio of commercial aviation products and services that allows it to build long-term relationships with clients in the commercial aviation, executive jets, and defense and security markets. It operates through the following segments: Commercial Aviation; Defense and Security, Executive Aviation, Service and Support, and Other Segments. The company generates maximum revenue from the Commercial Aviation segment.
After a thorough review of the options trading surrounding Embraer, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Embraer</h3>
<ul>
<li>With a volume of 1,655,882, the price of ERJ is up 6.22% at $34.85. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 61 days.</li>
</ul>
<h3>Professional Analyst Ratings for Embraer</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $40.5.
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Embraer with a target price of $40. </li>
<li>Showing optimism, an analyst from TD Cowen upgrades its rating to Buy with a revised price target of $41. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Embraer with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Decoding Embraer's Options Activity: What's the Big Picture?

WIIM

Embraer shares are trading higher after TD Cown upgraded the stock from Hold to Buy and raised its price target from $26 to $41.

TD Cowen analyst Cai von Rumohr upgrades Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) from Hold to Buy and raises the price target from $26 to $41.

Upgrades

TD Cowen Upgrades Embraer to Buy, Raises Price Target to $41

Brazil's Embraer Taps Consultancy Firm Oliver Wyman To Help It Penetrate U.S. Defense Market, Eyeing Potential C-390 Sales

Contracts

Global

Brazil's Embraer Agrees To Sell Up To 6 Super Tucano Aircraft To Uruguay; Deliveries Expected To Start In 2025

B of A Securities analyst Ronald Epstein maintains Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) with a Buy and raises the price target from $28 to $40.

B of A Securities Maintains Buy on Embraer, Raises Price Target to $40

Embraer S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erj#NYSE">ERJ</a>) recently clinched a contract from Virgin Australia for delivering eight of its E190-E2 small narrowbody aircraft. Deliveries are expected to start in the second half of 2025.
The steady stream of orders for Embraer&#39;s E190-E2 aircraft underscores the jet maker&#39;s ability to meet the growing jet demand from airlines.
<h3>Significance of Embraer&#39;s E190-E2 Jets</h3>
The E190-E2 is considered to be the most fuel-efficient single-aisle aircraft, with the capacity to reduce emissions by about 30% compared to the Fokker F100 aircraft fleet, which is currently used by Virgin Australia. Moreover, with this aircraft being certified to fly with blends of up to 50% sustainable aviation fuel (SAF), E190-E2 is a desirable choice for airlines looking for jets with low carbon emissions and fuel burn.&nbsp;It also offers lower noise, thereby offering better comfort to its passengers.
Due to such remarkable features, Embraer must have been witnessing a steady inflow of orders for this jet model. The recent order placed by Virgin Australia is a bright example of that.
<h3>Opportunities Ahead</h3>
The demand for global air travel has been on a steady rally recently and is expected to do so in the near future as well. Per the report released by the International Air Transport Association (&quot;IATA&quot;) in June 2024, total air traffic in June 2024 (measured in revenue passenger kilometers or RPKs) increased 9.1% compared to June 2023.
IATA expects world passengers to increase by 3.8% per year, on average, resulting in more than 4 billion additional passenger journeys in 2043 compared to 2023. Due to such a solid passenger traffic projection, total RPKs are expected to increase by 11.6% in 2024, thereby paving the way for spurring demand for fuel-efficient jets like those manufactured by Embraer.
Embraer&#39;s Commercial Aviation segment backlog at the end of the second quarter of 2024 was $11.3 billion, which went up a solid 170% sequentially, marking the biggest increase in this unit. Such solid backlog strength of the company should enable it to eventually recognize significant revenue growth once the deliveries are made.
<h3>Peer Prospects</h3>
Other companies that stand to benefit from the growing passenger traffic are Airbus SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>), Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) and Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>).
Airbus is one of the forerunners in the commercial aircraft space. Its order backlog amounted to 8,585 commercial aircraft at the end of June 2024, while the company delivered 323 commercial jets in the first half of 2024.
Airbus&#39; long-term (three to five years) earnings growth rate is pegged at 13.9%. The Zacks Consensus Estimate for EADSY&#39;s 2024 sales implies an improvement of 7.2% from the prior-year figure.
Boeing has been a premier manufacturer of commercial jetliners for decades. Its Commercial Airplanes segment delivered 92 airplanes in the second quarter of 2024. This unit has a backlog of $437 billion during the same period, up from $363 billion recorded at the end of the second quarter of 2023.
Boeing&#39;s long-term earnings growth rate stands at 21.3%. BA shares have rallied 37% in the past year.
Textron&#39;s unit, Textron Aviation, is a well-known designer of business jet brands like Cessna and Beechcraft. The segment&#39;s order backlog at the end of the second quarter of 2024 totaled $7.5 billion. The unit delivered 42 jets during the same period.
Textron boasts a long-term earnings growth rate of 10.1%. The Zacks Consensus Estimate for TXT&#39;s 2024 sales implies an improvement of 5.6% from the prior-year figure.
<h3>Price Movement</h3>
In the past three months, shares of Embraer have risen 11.5% compared with the industry&#39;s growth of 2.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/27/74285.jpg?v=565982928" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Embraer currently carries a Zacks Rank #5 (Strong Sell).
<a href="https://www.zacks.com/stock/news/2321835/embraer-erj-secures-contract-to-deliver-8-e190-e2-jets?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2321835">To read this article on Zacks.com click here.</a>

Embraer Poised To Secure E190-E2 Jet Order From Virgin Australia

Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) shares are trading higher on Thursday. The company released 2024 fiscal year second quarter earnings <a href="https://www.benzinga.com/news/earnings/24/08/40252350/embraer-execs-say-faces-supply-chain-challenges-introduces-ai-tools-for-efficiency-fully-committed-">before the market opened</a>.
The Details: Embraer reported EPS of 43 cents beating analysts estimate of 27 cents and revenue of $1.49 billion beating analysts estimate of $1.42 billion. The company&#8217;s revenue figure represents a 67% growth quarter-over-quarter.
Embraer broke down its revenue further, stating that $335.5 million came from executive aviation, $187.2 million from defense and security, $553.5 million from commercial aviation, $403.6 million from services and support and $14.4 million from other sources.
Revenue from other sources fell by approximately 30% year-over-year which the company attributed to lower volumes in the agriculture segment. However, defense and security revenue increased about 130% year-over-year.
For the 2024 fiscal year, the company anticipates delivering between 72 and 80 commercial jets and between 125 and 135 executive jets. Embrarer also project consolidated revenues will range from $6.0 billion to $6.4 billion for the fiscal year.
In the second quarter, the company delivered 27 executive jets, 19 commercial jets and 1 multi-mission C-390 Millennium, totaling 47 jets for the quarter.
Related Link: <a href="https://www.benzinga.com/markets/equities/24/08/40245022/ntsb-calls-out-boeing-for-safety-lapses-faa-steps-up-scrutiny">NTSB Calls Out Boeing For Safety Lapses: FAA Steps Up Scrutiny</a>
ERJ Price Action: Embraer stock is moving 8.42% higher at $29.36, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Embraer

What's Going On With Embraer Shares Thursday?

Embraer shares are trading higher after the company reported better-than-expected Q2 financial results.

Embraer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) reported quarterly earnings of $0.438 per share. The company reported quarterly sales of $1.49 billion which beat the analyst consensus estimate of $1.43 billion by 4.65 percent. This is a 15.63 percent increase over sales of $1.29 billion the same period last year.

Embraer Q2 2024 Adj EPS $0.438 Beats $0.27 Estimate, Sales $1.49B Beat $1.43B Estimate

Embraer Execs Say Faces Supply Chain Challenges, Introduces AI Tools For Efficiency; Fully Committed To 2024 Guidance Despite Constraints; Defense Backlog To Increase Over 50% In Q3 With New Contracts; Volatile FX Rate Provides Tailwind In H2; Closer To High End Of Guidance; Sees Opportunity For Increased E2 Presence In Brazil; Expects Good News On Commercial Jet Orders Soon

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Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

The report was presented at a press briefing during the Farnborough International Airshow today.
&nbsp;

Embraer's Market Outlook 2024: Estimates 10,500 Orders For New Jets And Turboprops Through 2043

Embraer Announces Sale Of Six A-29 Super Tucano Aircraft To Paraguayan Air Force; Deliveries To Begin In 2025

GE Aerospace Announces American Airlines Finalizes Order For 180 CF34-8E Engines To Power 90 New Embraer 175 Regional Jets

TD Cowen analyst Cai von Rumohr has maintained their bullish stance on ERJ stock, giving a Buy rating on August 22. Cai von Rumohr has given his Bu...

Embraer SA Poised for Strong Growth Amid Increased Aircraft Deliveries and Robust Defense Opportunities

American Airlines adding maintenance personal to service growing fleet

American Airlines adding maintenance personnel to service growing fleet

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Embraer Settles with Boeing for $150 Million

In a report released today, Ronald Epstein from Bank of America Securities assigned a Buy rating to Embraer SA (ERJ – Research Report), with a pric...

Embraer SA (ERJ) Gets a Buy from Bank of America Securities

American Century Emerging Markets Fund Q2 2024 Commentary

Embraer Q2: Strong Demand, Improving Margins And Positive Outlook

Boeing In Crisis: Pays Embraer $150 Million For Failed Acquisition Deal

Powell Industries climbs to top industrial gainer of week, FedEx dips after earnings

Embraer SA (ERJ) has released an update. Embraer S.A. is set to expand its U.S. presence by opening a new service center in Fort Worth, Texas, bols...

Embraer Announces Expansion in Texas

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On The Horizon: How One Company Plans To Use Its Innovative Aircraft Design To Revolutionize Regional Air Travel

Press Releases

CPI Aerostructures Receives $3.1M Order From Embraer for Engine Inlet Assemblies

Embraer increased deliveries 88% quarter on quarter in 2Q24  and backlog totaled US$21.1bn - a 7-year high

The Netherlands to acquire nine Multi-Mission Airlift Embraer C-390 Millennium in joint order with Austria

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Embraer (ERJ) Forecast

Embraer (NYSE:ERJ) Stock, Quote.Headers.trade-ideas