Press coverage about Boeing (NYSE:BA) has trended somewhat negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boeing earned a daily sentiment score of -1.46 on their scale. InfoTrie also assigned media stories about the aircraft producer an news buzz score of 7 out of 10, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Boeing’s analysis:
- Boeing CEO concedes ‘mistake’ with planes in 2 fatal crashes – AOL (aol.com)
- Boeing says will take time to win back confidence – Yahoo Finance (finance.yahoo.com)
- Boeing CEO calls handling of 737 Max crashes a ‘mistake,’ vows improvements – USA TODAY (usatoday.com)
- Poll Question May Signal Turbulence for 737 MAX (finance.yahoo.com)
- CEO: Boeing made mistake in handling warning-system problem (marketbeat.com)
Several brokerages recently issued reports on BA. Goldman Sachs Group restated a “neutral” rating and set a $396.00 price objective on shares of Boeing in a research report on Friday. Berenberg Bank restated a “buy” rating and set a $415.00 price objective on shares of Boeing in a research report on Thursday. Zacks Investment Research upgraded Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective for the company in a research report on Monday, June 10th. Cowen restated a “buy” rating and set a $460.00 price objective on shares of Boeing in a research report on Wednesday, May 29th. Finally, ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus target price of $407.40.
Shares of BA opened at $347.16 on Monday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. The firm has a market capitalization of $195.32 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.31. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. Boeing’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.64 EPS. On average, analysts forecast that Boeing will post 14.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 10th were issued a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.37%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
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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.
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