Seaport Global Securities Comments on Boeing Co’s Q4 2017 Earnings (BA)

Boeing Co (NYSE:BA) – Equities researchers at Seaport Global Securities lifted their Q4 2017 EPS estimates for Boeing in a research note issued to investors on Wednesday. Seaport Global Securities analyst J. Sullivan now forecasts that the aircraft producer will post earnings per share of $2.94 for the quarter, up from their previous estimate of $2.72. Seaport Global Securities also issued estimates for Boeing’s Q3 2018 earnings at $2.97 EPS.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the previous year, the firm earned $3.51 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.

BA has been the subject of a number of other reports. Buckingham Research reissued a “hold” rating and set a $203.00 price objective on shares of Boeing in a research report on Friday, December 22nd. Deutsche Bank raised their price objective on Boeing to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Jefferies Group reissued a “buy” rating and set a $300.00 price objective on shares of Boeing in a research report on Friday, October 6th. Nord/LB set a $250.00 price objective on Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 price objective for the company in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. Boeing presently has an average rating of “Hold” and an average price target of $274.67.

Boeing (NYSE:BA) opened at $308.84 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The company has a market capitalization of $183,940.00, a price-to-earnings ratio of 28.41, a PEG ratio of 2.08 and a beta of 1.23. Boeing has a fifty-two week low of $156.67 and a fifty-two week high of $308.89.

Boeing announced that its Board of Directors has authorized a share buyback plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is currently 52.25%.

Institutional investors have recently made changes to their positions in the company. LMR Partners LLP purchased a new stake in Boeing during the second quarter worth approximately $4,904,000. Allegis Investment Advisors LLC purchased a new stake in Boeing during the second quarter worth approximately $351,000. Blair William & Co. IL lifted its stake in Boeing by 4.1% during the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after purchasing an additional 6,141 shares during the last quarter. Alps Advisors Inc. lifted its stake in Boeing by 46.4% in the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after buying an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Boeing by 23.2% in the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after buying an additional 112,520 shares during the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

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Boeing 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 (NYSE:BA)

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