Boeing Co (NYSE:BA) – Jefferies Group lifted their FY2019 earnings per share estimates for shares of Boeing in a research report issued on Monday. Jefferies Group analyst S. Kahyaoglu now forecasts that the aircraft producer will earn $12.56 per share for the year, up from their prior estimate of $12.51. Jefferies Group currently has a “Buy” rating and a $339.00 target price on the stock. Jefferies Group also issued estimates for Boeing’s FY2020 earnings at $13.97 EPS, FY2021 earnings at $14.79 EPS and FY2022 earnings at $15.64 EPS.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter last year, the business posted $3.51 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis.

A number of other research firms have also recently commented on BA. Buckingham Research reiterated a “hold” rating and set a $203.00 price objective on shares of Boeing in a research report on Friday, December 22nd. Deutsche Bank lifted their price objective on Boeing to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. 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. Zacks Investment Research upgraded 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. Finally, Royal Bank of Canada lifted their price objective on Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $275.90.

Shares of Boeing (NYSE:BA) traded up $8.28 during mid-day trading on Tuesday, hitting $318.43. The stock had a trading volume of 5,546,203 shares, compared to its average volume of 3,500,000. Boeing has a twelve month low of $156.67 and a twelve month high of $319.91. The stock has a market capitalization of $189,650.00, a PE ratio of 29.29, a P/E/G ratio of 2.16 and a beta of 1.23. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a $1.71 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.15%. Boeing’s payout ratio is 52.25%.

Boeing declared that its board has authorized a stock repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LMR Partners LLP acquired a new position in shares of Boeing in the 2nd quarter valued at about $4,904,000. Allegis Investment Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $351,000. Blair William & Co. IL lifted its stake in shares of Boeing by 4.1% in the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after purchasing an additional 6,141 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Boeing by 46.4% in the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after purchasing an additional 1,532 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in shares of Boeing by 23.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after purchasing an additional 112,520 shares in the last quarter. Institutional investors own 70.84% of the company’s stock.

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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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