Boeing Company (The) (BA) Issues Earnings Results

Boeing Company (The) (NYSE:BA) announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07, Bloomberg Earnings reports. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter in the prior year, the company earned $3.51 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Boeing Company (The) updated its FY17 guidance to $9.90-10.10 EPS.

Boeing Company (NYSE:BA) traded down $1.85 during midday trading on Friday, reaching $260.85. 1,740,500 shares of the company’s stock traded hands, compared to its average volume of 3,312,178. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The stock has a market capitalization of $156,458.48, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. Boeing Company has a 52 week low of $144.46 and a 52 week high of $267.62.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s payout ratio is 52.21%.

Several brokerages have commented on BA. Vetr upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $253.33 price objective for the company in a report on Monday, August 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $274.00 price target on shares of Boeing Company (The) in a research note on Friday, August 11th. Cowen and Company reiterated a “buy” rating and issued a $315.00 price target on shares of Boeing Company (The) in a research note on Thursday, October 26th. Nord/LB set a $250.00 price target on shares of Boeing Company (The) and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada upgraded shares of Boeing Company (The) from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $146.00 to $235.00 in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $255.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of BA. Janus Henderson Group PLC boosted its stake in Boeing Company (The) by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares during the period. Koch Industries Inc. boosted its stake in Boeing Company (The) by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after buying an additional 848,467 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Boeing Company (The) by 454.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 598,111 shares of the aircraft producer’s stock worth $118,276,000 after buying an additional 490,224 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Boeing Company (The) by 19.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,252,672 shares of the aircraft producer’s stock worth $247,711,000 after buying an additional 206,770 shares during the period. Finally, Cibc World Markets Corp boosted its stake in Boeing Company (The) by 47.0% during the second quarter. Cibc World Markets Corp now owns 403,666 shares of the aircraft producer’s stock worth $79,825,000 after buying an additional 128,972 shares during the period. 71.51% of the stock is owned by institutional investors.

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Boeing Company (The) Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Earnings History for Boeing Company (The) (NYSE:BA)

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