Jefferies Group Comments on Boeing Company (The)’s Q3 2017 Earnings (BA)

Boeing Company (The) (NYSE:BA) – Equities researchers at Jefferies Group increased their Q3 2017 earnings per share estimates for shares of Boeing Company (The) in a note issued to investors on Thursday. Jefferies Group analyst H. Rubel now expects that the aircraft producer will post earnings of $2.57 per share for the quarter, up from their previous forecast of $2.30. Jefferies Group has a “Buy” rating and a $275.00 price target on the stock. Jefferies Group also issued estimates for Boeing Company (The)’s FY2017 earnings at $10.00 EPS, FY2018 earnings at $11.00 EPS, FY2019 earnings at $12.00 EPS and FY2020 earnings at $12.85 EPS.

Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.23. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm had revenue of $22.74 billion for the quarter, compared to analyst estimates of $22.97 billion. During the same quarter last year, the company posted ($0.44) earnings per share. The business’s revenue was down 8.1% on a year-over-year basis.

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BA has been the subject of a number of other research reports. Vetr downgraded shares of Boeing Company (The) from a “hold” rating to a “sell” rating and set a $223.75 price objective for the company. in a research report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Credit Suisse Group raised shares of Boeing Company (The) from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $200.00 to $300.00 in a research report on Thursday, July 27th. ValuEngine raised shares of Boeing Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Deutsche Bank AG boosted their price objective on shares of Boeing Company (The) from $225.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $219.56.

Boeing Company (NYSE:BA) opened at 242.46 on Monday. The company’s 50 day moving average price is $206.47 and its 200-day moving average price is $184.59. The stock has a market cap of $143.31 billion, a price-to-earnings ratio of 21.24 and a beta of 1.12. Boeing Company has a 12-month low of $126.31 and a 12-month high of $246.49.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s dividend payout ratio is presently 49.74%.

In related news, EVP Leanne G. Caret sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $182.73, for a total value of $438,552.00. Following the completion of the sale, the executive vice president now owns 44,710 shares in the company, valued at approximately $8,169,858.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy John Keating sold 32,500 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the completion of the sale, the senior vice president now owns 107,437 shares of the company’s stock, valued at approximately $19,823,200.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,947 shares of company stock valued at $7,357,870. Company insiders own 0.28% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC increased its stake in shares of Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Boeing Company (The) during the fourth quarter valued at approximately $109,000. MCF Advisors LLC increased its stake in shares of Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares during the period. Finally, Gemmer Asset Management LLC increased its stake in shares of Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 72.99% of the company’s stock.

Boeing Company (The) Company Profile

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 Company (The) (NYSE:BA)

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