Boeing Co (NYSE:BA) – Equities research analysts at Seaport Global Securities lifted their Q4 2017 earnings per share estimates for Boeing in a research note issued to investors on Wednesday, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now anticipates that the aircraft producer will earn $2.94 per share for the quarter, up from their prior forecast of $2.72. Seaport Global Securities also issued estimates for Boeing’s Q3 2018 earnings at $2.97 EPS.
A number of other brokerages have also recently commented on BA. Credit Suisse Group restated an “outperform” rating and set a $375.00 price target (up previously from $310.00) on shares of Boeing in a research note on Friday. They noted that the move was a valuation call. Vetr cut shares of Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 price target for the company. in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Boeing from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Group reaffirmed a “buy” rating and set a $339.00 price objective on shares of Boeing in a report on Monday, January 8th. Finally, Zacks Investment Research lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $280.74.
Boeing (BA) opened at $336.21 on Friday. The company has a market cap of $200,240.00, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing has a one year low of $156.67 and a one year high of $336.88.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. The firm had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 earnings per share.
Several institutional investors have recently modified their holdings of BA. Tredje AP fonden grew its holdings in Boeing by 11.2% during the 1st quarter. Tredje AP fonden now owns 57,366 shares of the aircraft producer’s stock worth $10,146,000 after acquiring an additional 5,760 shares during the period. Argent Capital Management LLC bought a new position in shares of Boeing during the first quarter worth $12,978,000. Comerica Securities Inc. boosted its position in shares of Boeing by 76.3% during the first quarter. Comerica Securities Inc. now owns 4,650 shares of the aircraft producer’s stock worth $822,000 after purchasing an additional 2,013 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Boeing by 35.2% during the first quarter. WINTON GROUP Ltd now owns 121,852 shares of the aircraft producer’s stock worth $16,053,000 after purchasing an additional 31,696 shares in the last quarter. Finally, Good Life Advisors LLC bought a new position in shares of Boeing during the first quarter worth $214,000. 70.84% of the stock is owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.25%.
Boeing declared that its Board of Directors has authorized a share repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Boeing 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.
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