Q1 2018 EPS Estimates for Boeing Reduced by Analyst (BA)

Boeing (NYSE:BA) – Equities researchers at Jefferies Group decreased their Q1 2018 earnings per share (EPS) estimates for Boeing in a note issued to investors on Wednesday, April 11th. Jefferies Group analyst S. Kahyaoglu now forecasts that the aircraft producer will earn $2.65 per share for the quarter, down from their prior estimate of $3.01. Jefferies Group has a “Buy” rating and a $400.00 price target on the stock.

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Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the previous year, the business posted $2.47 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year.

Other equities analysts have also issued research reports about the stock. Bank of America reiterated a “buy” rating and issued a $470.00 price objective (up previously from $395.00) on shares of Boeing in a report on Thursday, February 1st. Vetr lowered shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price objective on the stock. in a report on Monday. Morgan Stanley boosted their price objective on shares of Boeing from $373.00 to $400.00 and gave the stock a “hold” rating in a report on Monday. Canaccord Genuity boosted their price objective on shares of Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Finally, Societe Generale set a $373.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a report on Thursday, February 1st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $365.55.

Shares of BA stock opened at $331.77 on Monday. Boeing has a 12 month low of $175.47 and a 12 month high of $371.60. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The firm has a market capitalization of $193,778.08, a price-to-earnings ratio of 27.56, a PEG ratio of 1.70 and a beta of 1.40.

Large investors have recently made changes to their positions in the stock. Beach Investment Management LLC. bought a new position in Boeing in the 2nd quarter worth about $429,000. Hanseatic Management Services Inc. bought a new position in Boeing in the 2nd quarter worth about $637,000. Old West Investment Management LLC bought a new position in Boeing in the 2nd quarter worth about $254,000. W.G. Shaheen & Associates DBA Whitney & Co grew its position in Boeing by 0.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 27,409 shares of the aircraft producer’s stock worth $5,420,000 after purchasing an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. grew its position in Boeing by 5.0% in the 2nd quarter. Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer’s stock worth $21,679,000 after purchasing an additional 5,219 shares during the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

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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.

Earnings History and Estimates for Boeing (NYSE:BA)

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