Embraer Puts a Tough 2018 to Bed, Looks Ahead to Forming Two Joint Ventures With Boeing in 2019
Narrow-moat Embraer reported weak 2018 results that featured a full-year revenue decline of 13% and adjusted EBIT margins of 4.4%. Embraer also took an impairment on assets related to the Lineage business jet program due to weak demand and faced additional KC-390 charges this quarter. Guidance for 2019 mirrored the initial outlook given at the January investor day: $5.5 billion of revenue at the midpoint coupled with break-even EBIT. We’re maintaining our fair value estimate of $23 per ADR. The ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.