Boeing (NYSE:BA) – Research analysts at Seaport Global Securities raised their Q2 2018 earnings estimates for shares of Boeing in a note issued to investors on Friday, April 20th. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will post earnings per share of $3.33 for the quarter, up from their prior estimate of $3.31. Seaport Global Securities currently has a “Buy” rating and a $430.00 price target on the stock. Seaport Global Securities also issued estimates for Boeing’s FY2018 earnings at $14.13 EPS.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The company had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. Boeing’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share.
Several other equities analysts have also issued reports on the stock. Morgan Stanley raised shares of Boeing to an “equal weight” rating in a report on Tuesday, April 17th. 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, April 16th. JPMorgan Chase reissued a “buy” rating and set a $400.00 price objective on shares of Boeing in a report on Friday, April 13th. Cowen reissued a “buy” rating and set a $415.00 price objective on shares of Boeing in a report on Tuesday, April 10th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $358.00 price objective (down from $378.00) on shares of Boeing in a report on Friday, April 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $365.55.
Shares of BA stock opened at $338.67 on Monday. The company has a market cap of $199,303.91, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.39. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing has a 52-week low of $175.47 and a 52-week high of $371.60.
In other news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.
Several large investors have recently bought and sold shares of BA. Lipe & Dalton acquired a new position in Boeing during the third quarter valued at $100,000. Burt Wealth Advisors acquired a new position in Boeing during the third quarter valued at $100,000. Stonehearth Capital Management LLC acquired a new position in Boeing during the fourth quarter valued at $105,000. Solaris Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at $111,000. Finally, Clear Perspective Advisors LLC lifted its position in Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 70.84% of the company’s stock.
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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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