Boeing (BA) Scheduled to Post Earnings on Wednesday

Boeing (NYSE:BA) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Boeing to post earnings of ($1.08) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.75) EPS. On average, analysts expect Boeing to post $0 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Boeing Stock Performance

NYSE BA opened at $170.55 on Wednesday. The stock has a market capitalization of $104.06 billion, a price-to-earnings ratio of -46.34, a PEG ratio of 115.71 and a beta of 1.52. The stock’s 50 day moving average price is $192.69 and its two-hundred day moving average price is $207.80. Boeing has a 52 week low of $167.53 and a 52 week high of $267.54.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BA. Stifel Nicolaus decreased their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Melius reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein cut their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Susquehanna cut their target price on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Finally, Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BA. Vanguard Group Inc. lifted its holdings in Boeing by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 48,501,735 shares of the aircraft producer’s stock worth $12,642,462,000 after acquiring an additional 892,227 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares during the period. Morgan Stanley lifted its holdings in Boeing by 11.7% during the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after acquiring an additional 872,795 shares during the period. Nuveen Asset Management LLC lifted its holdings in Boeing by 8.9% during the fourth quarter. Nuveen Asset Management LLC now owns 7,424,016 shares of the aircraft producer’s stock worth $1,935,144,000 after acquiring an additional 607,819 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Boeing by 28.5% during the fourth quarter. Legal & General Group Plc now owns 3,369,812 shares of the aircraft producer’s stock worth $878,378,000 after acquiring an additional 746,859 shares during the period. Institutional investors own 64.82% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.