Boeing (NYSE:BA) Posts Quarterly Earnings Results, Misses Estimates By $4.30 EPS

Boeing (NYSE:BA) announced its quarterly earnings data on Tuesday. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30), Zacks reports. During the same period last year, the company earned ($0.47) EPS.

Boeing Price Performance

Shares of NYSE:BA opened at $175.09 on Tuesday. The business’s 50 day simple moving average is $166.42 and its 200 day simple moving average is $164.29. Boeing has a 1 year low of $137.03 and a 1 year high of $214.63. The company has a market capitalization of $108.24 billion, a P/E ratio of -13.57 and a beta of 1.52.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. TD Cowen reduced their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.11.

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.