Boeing (BA) Scheduled to Post Earnings on Wednesday

Boeing (NYSE:BA) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect Boeing to post earnings of ($1.08) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Boeing to post $0 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Boeing Price Performance

Shares of BA stock opened at $170.53 on Tuesday. Boeing has a 12 month low of $167.53 and a 12 month high of $267.54. The firm has a market capitalization of $104.05 billion, a P/E ratio of -46.34, a P/E/G ratio of 134.48 and a beta of 1.52. The company’s fifty day moving average price is $189.51 and its two-hundred day moving average price is $207.32.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. UBS Group cut their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Stifel Nicolaus cut their target price on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.