Q3 2017 EPS Estimates for Boeing Company (The) Lifted by Analyst (BA)

Boeing Company (The) (NYSE:BA) – Analysts at Jefferies Group increased their Q3 2017 earnings estimates for shares of Boeing Company (The) in a research note issued to investors on Friday. Jefferies Group analyst H. Rubel now forecasts that the aircraft producer will post earnings of $2.60 per share for the quarter, up from their prior estimate of $2.57. Jefferies Group currently has a “Buy” rating and a $300.00 price target on the stock. Jefferies Group also issued estimates for Boeing Company (The)’s Q4 2017 earnings at $2.90 EPS and FY2017 earnings at $10.05 EPS.

Boeing Company (The) (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.23. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business had revenue of $22.74 billion during the quarter, compared to analyst estimates of $22.97 billion. During the same period in the prior year, the business posted ($0.44) earnings per share. The company’s revenue was down 8.1% on a year-over-year basis.

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A number of other research firms have also recently commented on BA. Canaccord Genuity reaffirmed a “hold” rating and set a $235.00 price target on shares of Boeing Company (The) in a research note on Thursday, October 5th. Cowen and Company reaffirmed a “buy” rating and set a $315.00 price target on shares of Boeing Company (The) in a research note on Friday, October 6th. Vetr cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating and set a $267.03 price target for the company. in a research note on Friday, October 6th. Zacks Investment Research raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $289.00 price target for the company in a research note on Tuesday. Finally, ValuEngine cut shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $241.33.

Shares of Boeing Company (NYSE BA) opened at 260.93 on Monday. Boeing Company has a 52-week low of $131.39 and a 52-week high of $261.06. The stock has a market capitalization of $154.23 billion, a price-to-earnings ratio of 22.86 and a beta of 1.21. The firm’s 50-day moving average is $247.54 and its 200 day moving average is $210.90.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Perspective Advisors LLC raised its stake in shares of Boeing Company (The) by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Boeing Company (The) by 181.9% during the 1st quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after acquiring an additional 402 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in shares of Boeing Company (The) by 11.1% during the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after acquiring an additional 84 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Boeing Company (The) by 9.5% during the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock worth $126,000 after acquiring an additional 62 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock worth $131,000 after acquiring an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 72.17% of the company’s stock.

In related news, Chairman Dennis A. Muilenburg sold 56,838 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $243.46, for a total transaction of $13,837,779.48. Following the completion of the transaction, the chairman now owns 127,778 shares in the company, valued at approximately $31,108,831.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Heidi B. Capozzi sold 4,217 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $241.51, for a total transaction of $1,018,447.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is currently owned by company insiders.

Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Earnings History and Estimates for Boeing Company (The) (NYSE:BA)

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