Boeing (BA) Announces Quarterly Earnings Results, Beats Estimates By $0.26 EPS
Boeing (NYSE:BA) posted its quarterly earnings results on Wednesday. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.26, American Banking & Market News reports. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $21.66 billion.
BA has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Boeing in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $140.00 price target on the stock. On a related note, analysts at Sterne Agee reiterated a “buy” rating on shares of Boeing in a research note to investors on Friday, October 4th. They now have a $164.00 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of Boeing from $123.00 to $142.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $123.52.
Shares of Boeing (NYSE:BA) opened at 122.48 on Wednesday. Boeing has a one year low of $69.03 and a one year high of $111.33. The stock has a 50-day moving average of $105. and a 200-day moving average of $96.94. The company has a market cap of $92.404 billion and a P/E ratio of 22.40.
The Boeing Company (NYSE:BA) is an aerospace company.
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