Boeing Co (NYSE:BA) – Equities research analysts at Jefferies Group upped their Q1 2018 EPS estimates for Boeing in a research report issued on Sunday. Jefferies Group analyst S. Kahyaoglu now expects that the aircraft producer will post earnings per share of $3.01 for the quarter, up from their previous forecast of $2.53. Jefferies Group currently has a “Buy” rating and a $400.00 price target on the stock. Jefferies Group also issued estimates for Boeing’s Q2 2018 earnings at $3.21 EPS, Q3 2018 earnings at $3.51 EPS, Q4 2018 earnings at $4.34 EPS, FY2018 earnings at $14.05 EPS, FY2019 earnings at $16.31 EPS, FY2020 earnings at $18.88 EPS, FY2021 earnings at $20.34 EPS and FY2022 earnings at $21.80 EPS.
BA has been the subject of a number of other reports. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target for the company in a report on Monday, December 11th. Berenberg Bank set a $395.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Monday, January 29th. Cowen reissued a “buy” rating and issued a $315.00 price target on shares of Boeing in a report on Thursday, October 26th. Buckingham Research reissued a “hold” rating and issued a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Finally, Nord/LB set a $250.00 price target on shares of Boeing and gave the company a “neutral” rating in a report on Thursday, November 2nd. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $349.00.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion during 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 quarter in the prior year, the firm posted $2.47 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a yield of 2.01%. Boeing’s dividend payout ratio is currently 42.20%.
Boeing announced that its board has initiated a share repurchase program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of the business. Capital Investment Advisory Services LLC lifted its position in shares of Boeing by 0.5% in the second quarter. Capital Investment Advisory Services LLC now owns 2,096 shares of the aircraft producer’s stock worth $414,000 after purchasing an additional 10 shares in the last quarter. ARP Americas LLC lifted its position in shares of Boeing by 72.0% in the second quarter. ARP Americas LLC now owns 3,418 shares of the aircraft producer’s stock worth $676,000 after purchasing an additional 1,431 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Boeing by 5.7% in the second quarter. IFP Advisors Inc now owns 42,846 shares of the aircraft producer’s stock worth $8,473,000 after purchasing an additional 2,293 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Boeing by 1,144.8% in the second quarter. Chicago Partners Investment Group LLC now owns 13,294 shares of the aircraft producer’s stock worth $2,548,000 after purchasing an additional 12,226 shares in the last quarter. Finally, Novare Capital Management LLC purchased a new stake in shares of Boeing in the second quarter worth approximately $206,000. 70.78% of the stock is owned by institutional investors.
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.
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