Q3 2016 EPS Estimates for Boeing Co. (BA) Decreased by Jefferies Group
Boeing Co. (NYSE:BA) – Equities research analysts at Jefferies Group lowered their Q3 2016 earnings estimates for shares of Boeing in a report released on Thursday. Jefferies Group analyst H. Rubel now anticipates that the brokerage will post earnings per share of $2.55 for the quarter, down from their prior estimate of $2.57. Jefferies Group currently has a “Buy” rating and a $165.00 target price on the stock. Jefferies Group also issued estimates for Boeing’s FY2019 earnings at $10.50 EPS and FY2020 earnings at $11.30 EPS.
Other equities analysts have also recently issued research reports about the company. Drexel Hamilton reiterated a “buy” rating and set a $158.00 target price on shares of Boeing in a research report on Friday, July 15th. Deutsche Bank AG reissued a “buy” rating and set a $160.00 price target on shares of Boeing in a research note on Monday, June 20th. Goldman Sachs Group Inc. set a $107.00 price target on Boeing and gave the stock a “sell” rating in a research note on Thursday, July 28th. Bank of America Corp. reissued an “underperform” rating and set a $125.00 price target on shares of Boeing in a research note on Wednesday, July 6th. Finally, Canaccord Genuity boosted their price target on Boeing from $140.00 to $144.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $147.94.
Shares of Boeing (NYSE:BA) opened at 133.85 on Monday. The firm has a market cap of $83.50 billion, a PE ratio of 24.10 and a beta of 1.03. The firm’s 50-day moving average price is $131.38 and its 200 day moving average price is $131.14. Boeing has a 1-year low of $102.10 and a 1-year high of $150.59.
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Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.48. The company earned $24.80 million during the quarter, compared to analysts’ expectations of $23.22 million. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 earnings per share.
Several institutional investors have recently modified their holdings of the company. Dynamic Advisors Solutions LLC boosted its position in shares of Boeing by 3.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 1,766 shares of the aircraft producer’s stock valued at $224,000 after buying an additional 52 shares during the last quarter. Badgley Phelps & Bell Inc. boosted its position in shares of Boeing by 5.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 79,105 shares of the aircraft producer’s stock worth $10,042,000 after buying an additional 4,262 shares in the last quarter. Compton Capital Management Inc. RI boosted its position in shares of Boeing by 14.4% in the first quarter. Compton Capital Management Inc. RI now owns 2,536 shares of the aircraft producer’s stock worth $322,000 after buying an additional 320 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Boeing by 9.2% in the first quarter. IFP Advisors Inc now owns 40,864 shares of the aircraft producer’s stock worth $5,187,000 after buying an additional 3,450 shares in the last quarter. Finally, Northern Oak Wealth Management Inc. boosted its position in shares of Boeing by 5.7% in the first quarter. Northern Oak Wealth Management Inc. now owns 50,427 shares of the aircraft producer’s stock worth $6,401,000 after buying an additional 2,713 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Diana L. Sands sold 14,151 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $133.06, for a total transaction of $1,882,932.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Randall L. Stephenson purchased 1,871 shares of Boeing stock in a transaction dated Monday, August 1st. The shares were bought at an average cost of $133.89 per share, for a total transaction of $250,508.19. Following the transaction, the director now directly owns 3,721 shares of the company’s stock, valued at approximately $498,204.69. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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