Jefferies Group Analysts Increase Earnings Estimates for Boeing Co (BA)

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) opened at $340.91 on Wednesday. Boeing has a 12-month low of $163.69 and a 12-month high of $361.45. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. The stock has a market cap of $203,040.00, a PE ratio of 25.33, a P/E/G ratio of 1.81 and a beta of 1.44.

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.

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About Boeing

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.

Earnings History and Estimates for Boeing (NYSE:BA)

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