Boeing Co Forecasted to Earn Q3 2019 Earnings of $2.21 Per Share (NYSE:BA)

Boeing Co (NYSE:BA) – Analysts at Seaport Global Securities cut their Q3 2019 earnings per share estimates for Boeing in a research note issued on Tuesday, October 15th. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will post earnings per share of $2.21 for the quarter, down from their prior estimate of $2.35. Seaport Global Securities also issued estimates for Boeing’s Q4 2019 earnings at $3.76 EPS and FY2019 earnings at $3.31 EPS.

A number of other brokerages have also weighed in on BA. Robert W. Baird reaffirmed an “outperform” rating and set a $445.00 price objective (down previously from $470.00) on shares of Boeing in a report on Wednesday, October 2nd. They noted that the move was a valuation call. UBS Group set a $470.00 price objective on Boeing and gave the stock a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group dropped their price objective on Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Wolfe Research lowered Boeing from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $404.00 to $393.00 in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $402.42.

Shares of BA stock opened at $344.00 on Friday. The business’s fifty day moving average price is $373.16 and its 200 day moving average price is $362.44. Boeing has a 1-year low of $292.47 and a 1-year high of $446.01. The firm has a market capitalization of $207.67 billion, a PE ratio of 21.49, a P/E/G ratio of 12.51 and a beta of 1.25. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The company’s quarterly revenue was down 35.1% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of the business. Stephens Inc. AR boosted its stake in shares of Boeing by 6.1% during the third quarter. Stephens Inc. AR now owns 41,687 shares of the aircraft producer’s stock valued at $15,861,000 after acquiring an additional 2,381 shares during the last quarter. Coastline Trust Co boosted its stake in shares of Boeing by 7.5% during the third quarter. Coastline Trust Co now owns 7,238 shares of the aircraft producer’s stock valued at $2,753,000 after acquiring an additional 508 shares during the last quarter. Iowa State Bank boosted its stake in shares of Boeing by 95.3% during the third quarter. Iowa State Bank now owns 5,083 shares of the aircraft producer’s stock valued at $1,934,000 after acquiring an additional 2,481 shares during the last quarter. Ford Financial Group Inc. boosted its stake in shares of Boeing by 4.4% during the third quarter. Ford Financial Group Inc. now owns 1,434 shares of the aircraft producer’s stock valued at $545,000 after acquiring an additional 60 shares during the last quarter. Finally, Sigma Investment Counselors Inc. boosted its stake in shares of Boeing by 2.4% during the third quarter. Sigma Investment Counselors Inc. now owns 17,321 shares of the aircraft producer’s stock valued at $6,590,000 after acquiring an additional 408 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors.

Boeing Company Profile

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

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Earnings History and Estimates for Boeing (NYSE:BA)

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