Boeing Co (NYSE:BA) – Analysts at Seaport Global Securities boosted their FY2018 EPS estimates for Boeing in a report released on Thursday, October 25th, Zacks Investment Research reports. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will post earnings of $15.05 per share for the year, up from their previous estimate of $14.65. Seaport Global Securities also issued estimates for Boeing’s Q4 2018 earnings at $4.52 EPS, Q1 2019 earnings at $4.19 EPS, Q2 2019 earnings at $4.27 EPS, Q3 2019 earnings at $4.74 EPS, Q4 2019 earnings at $4.76 EPS and FY2019 earnings at $17.97 EPS.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The company had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same quarter in the prior year, the company posted $2.72 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.
BA has been the topic of a number of other research reports. Jefferies Financial Group raised their target price on shares of Boeing to $410.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Goldman Sachs Group set a $387.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, October 24th. Berenberg Bank restated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. Morgan Stanley set a $400.00 price objective on shares of Boeing and gave the stock a “hold” rating in a research note on Friday, September 28th. Finally, Credit Suisse Group lifted their target price on shares of Boeing from $455.00 to $456.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $410.21.
NYSE BA traded down $0.38 during trading hours on Monday, hitting $317.32. The company had a trading volume of 4,400,532 shares, compared to its average volume of 4,512,310. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. Boeing has a fifty-two week low of $264.53 and a fifty-two week high of $394.28. The company has a market cap of $180.42 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.58 and a beta of 1.30.
Several hedge funds have recently bought and sold shares of BA. grace capital bought a new position in Boeing during the second quarter valued at approximately $2,996,000. Krilogy Financial LLC grew its position in Boeing by 3.5% during the second quarter. Krilogy Financial LLC now owns 6,953 shares of the aircraft producer’s stock valued at $2,333,000 after acquiring an additional 232 shares during the last quarter. Morse Asset Management Inc grew its position in Boeing by 3.0% during the second quarter. Morse Asset Management Inc now owns 22,919 shares of the aircraft producer’s stock valued at $7,690,000 after acquiring an additional 674 shares during the last quarter. Kessler Investment Group LLC bought a new position in Boeing during the second quarter valued at approximately $1,726,000. Finally, Cumberland Partners Ltd bought a new position in Boeing during the second quarter valued at approximately $4,075,000. Institutional investors own 70.13% of the company’s stock.
In other news, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a dividend yield of 2.16%. Boeing’s dividend payout ratio is currently 56.81%.
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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