Q4 2018 EPS Estimates for Boeing Co (BA) Lifted by Analyst

Boeing Co (NYSE:BA) – Analysts at Seaport Global Securities raised their Q4 2018 EPS estimates for Boeing in a note issued to investors on Monday, October 15th. Seaport Global Securities analyst J. Sullivan now anticipates that the aircraft producer will post earnings of $4.27 per share for the quarter, up from their previous estimate of $3.83.

Several other brokerages also recently weighed in on BA. Morgan Stanley set a $400.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Friday, September 28th. Cowen restated a “buy” rating and issued a $445.00 target price on shares of Boeing in a research note on Monday, October 1st. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Jefferies Financial Group restated a “buy” rating and issued a $410.00 target price on shares of Boeing in a research note on Sunday, July 29th. Finally, UBS Group raised their target price on shares of Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $401.25.

Shares of BA opened at $359.35 on Wednesday. The company has a market capitalization of $213.66 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.85 and a beta of 1.39. Boeing has a twelve month low of $254.50 and a twelve month high of $394.28. The company has a debt-to-equity ratio of -7.65, a current ratio of 1.11 and a quick ratio of 0.32.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. Boeing’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $2.55 earnings per share.

Several large investors have recently bought and sold shares of the company. Hudock Capital Group LLC lifted its position in Boeing by 3.4% during the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock valued at $1,456,000 after purchasing an additional 144 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its position in Boeing by 0.5% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock valued at $10,182,000 after purchasing an additional 146 shares during the period. TNB Financial lifted its position in Boeing by 1.6% during the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock valued at $3,153,000 after purchasing an additional 149 shares during the period. Elite Wealth Management Inc. increased its holdings in Boeing by 17.8% in the first quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock valued at $326,000 after buying an additional 150 shares in the last quarter. Finally, Bourne Lent Asset Management Inc. increased its holdings in Boeing by 9.5% in the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock valued at $580,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 69.71% of the company’s stock.

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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