Boeing (BA) Releases Quarterly Earnings, Beats Estimates By $0.31 EPS
Boeing (NYSE:BA) posted its quarterly earnings results on Wednesday. The company reported $1.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.57 by $0.31, AnalystRatingsNetwork reports. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $22.74 billion.
BA has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Boeing from $150.00 to $160.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Boeing in a research note to investors on Monday, January 13th. Finally, analysts at UBS AG reiterated a “neutral” rating on shares of Boeing in a research note to investors on Monday, January 6th. They now have a $137.00 price target on the stock, up previously from $134.00. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus price target of $139.68.
Shares of Boeing (NYSE:BA) opened at 137.09 on Wednesday. Boeing has a 52 week low of $73.73 and a 52 week high of $144.57. The stock’s 50-day moving average is $137.8 and its 200-day moving average is $122.. The company has a market cap of $103.0 billion and a P/E ratio of 24.40.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, February 12th. This is a boost from Boeing’s previous quarterly dividend of $0.49.
The Boeing Company (NYSE:BA) is an aerospace company.
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