Boeing Co (NYSE:BA) – Research analysts at Seaport Global Securities decreased their Q3 2017 earnings per share estimates for Boeing in a research report issued on Wednesday, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now anticipates that the aircraft producer will earn $2.48 per share for the quarter, down from their prior estimate of $2.55. Seaport Global Securities also issued estimates for Boeing’s Q4 2017 earnings at $2.55 EPS, FY2017 earnings at $9.37 EPS, Q1 2018 earnings at $2.38 EPS, Q2 2018 earnings at $2.45 EPS, Q3 2018 earnings at $2.86 EPS, Q4 2018 earnings at $2.94 EPS and FY2018 earnings at $10.62 EPS.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.91 by $0.10. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.27 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS. ILLEGAL ACTIVITY WARNING: This story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://transcriptdaily.com/2017/05/20/boeing-co-ba-forecasted-to-earn-q3-2017-earnings-of-2-48-per-share-updated-updated.html.
BA has been the subject of several other research reports. Robert W. Baird reiterated an “outperform” rating and set a $182.00 target price on shares of Boeing in a research note on Friday, January 20th. Barclays PLC reiterated an “overweight” rating and set a $175.00 target price on shares of Boeing in a research note on Sunday, January 29th. Morgan Stanley downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $185.00 to $190.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. Gabelli restated a “buy” rating on shares of Boeing in a research report on Friday, April 7th. Finally, Deutsche Bank AG raised their price objective on shares of Boeing from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. Boeing currently has an average rating of “Hold” and an average price target of $165.52.
Boeing (NYSE:BA) opened at 185.49 on Friday. Boeing has a 1-year low of $122.35 and a 1-year high of $186.39. The firm’s 50 day moving average price is $179.47 and its 200-day moving average price is $164.65. The stock has a market cap of $111.96 billion, a price-to-earnings ratio of 22.85 and a beta of 1.08. Boeing also was the target of unusually large options trading activity on Monday. Investors acquired 47,127 call options on the stock. This represents an increase of approximately 610% compared to the typical volume of 6,637 call options.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, May 10th. This represents a $5.68 dividend on an annualized basis and a yield of 3.04%. Boeing’s dividend payout ratio (DPR) is currently 74.25%.
In other Boeing news, SVP Timothy John Keating sold 32,500 shares of Boeing stock in a transaction on Friday, May 5th. The shares were sold at an average price of $184.51, for a total value of $5,996,575.00. Following the transaction, the senior vice president now owns 107,437 shares in the company, valued at approximately $19,823,200.87. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bertrand Marc Allen sold 15,470 shares of Boeing stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the completion of the transaction, the senior vice president now owns 43,801 shares in the company, valued at approximately $8,042,739.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,403 shares of company stock worth $11,666,138. 0.58% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in BA. Cable Hill Partners LLC raised its position in shares of Boeing by 0.5% in the third quarter. Cable Hill Partners LLC now owns 1,674 shares of the aircraft producer’s stock worth $225,000 after buying an additional 8 shares during the period. GWM Advisors LLC raised its position in Boeing by 0.6% in the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the last quarter. Howe & Rusling Inc. raised its position in Boeing by 0.3% in the first quarter. Howe & Rusling Inc. now owns 2,898 shares of the aircraft producer’s stock valued at $512,000 after buying an additional 9 shares during the last quarter. Arcus Capital Partners LLC raised its position in Boeing by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 1,628 shares of the aircraft producer’s stock valued at $288,000 after buying an additional 13 shares during the last quarter. Finally, Vicus Capital raised its position in Boeing by 1.0% in the first quarter. Vicus Capital now owns 1,382 shares of the aircraft producer’s stock valued at $244,000 after buying an additional 14 shares during the last quarter. Institutional investors own 74.66% of the company’s stock.
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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