Boeing Co (NYSE:BA) – Research analysts at Jefferies Financial Group cut their Q4 2019 earnings estimates for Boeing in a note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst S. Kahyaoglu now forecasts that the aircraft producer will post earnings of $5.73 per share for the quarter, down from their prior estimate of $5.78. Jefferies Financial Group also issued estimates for Boeing’s Q4 2020 earnings at $6.93 EPS.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The firm had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. During the same period last year, the firm posted $3.64 EPS. The business’s revenue was down 2.0% on a year-over-year basis.

A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group set a €135.00 ($156.98) price target on SAP and gave the company a “buy” rating in a report on Friday. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Barclays raised their price target on Tyson Foods from $73.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Buckingham Research dropped their price target on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $7.00 price target on shares of Deutsche Bank in a report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company. Boeing currently has a consensus rating of “Hold” and a consensus price target of $406.63.

BA stock opened at $365.33 on Friday. The company’s fifty day simple moving average is $356.30. Boeing has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The firm has a market cap of $205.55 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be given a $2.055 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $8.22 annualized dividend and a dividend yield of 2.25%. Boeing’s dividend payout ratio is currently 51.34%.

Several large investors have recently bought and sold shares of BA. Nordea Investment Management AB boosted its position in shares of Boeing by 128.1% in the 1st quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 41 shares during the last quarter. Next Capital Management LLC bought a new position in shares of Boeing in the 4th quarter worth $32,000. 1 North Wealth Services LLC bought a new position in shares of Boeing in the 4th quarter worth $40,000. Clarfeld Financial Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $40,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in Boeing during the 4th quarter worth $45,000. Institutional investors and hedge funds own 67.99% of the company’s stock.

Boeing Company Profile

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

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Earnings History and Estimates for Boeing (NYSE:BA)

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