Boeing (NYSE:BA) – Stock analysts at Seaport Global Securities raised their Q2 2018 earnings estimates for shares of Boeing in a research report issued to clients and investors on Thursday, April 26th. Seaport Global Securities analyst J. Sullivan now forecasts that the aircraft producer will post earnings of $3.50 per share for the quarter, up from their prior estimate of $3.33. Seaport Global Securities has a “Buy” rating and a $430.00 price objective on the stock. Seaport Global Securities also issued estimates for Boeing’s FY2018 earnings at $14.58 EPS, Q2 2019 earnings at $4.03 EPS, Q3 2019 earnings at $4.48 EPS, Q4 2019 earnings at $4.58 EPS and FY2019 earnings at $17.08 EPS.

Other research analysts have also recently issued research reports about the stock. Bank of America reiterated a “buy” rating and set a $470.00 price target (up previously from $395.00) on shares of Boeing in a report on Thursday, February 1st. Barclays boosted their price target on shares of Boeing from $388.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday. Canaccord Genuity boosted their price target on shares of Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a report on Thursday, February 1st. Societe Generale set a $373.00 price target on shares of Boeing and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Credit Suisse Group set a $443.00 target price on shares of Boeing and gave the company an “outperform” rating in a report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Boeing presently has a consensus rating of “Buy” and an average target price of $374.03.

NYSE BA opened at $340.88 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.15 and a debt-to-equity ratio of 8.07. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60. The company has a market cap of $201,769.78, a price-to-earnings ratio of 28.31, a PEG ratio of 1.73 and a beta of 1.39.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $22.22 billion. During the same period in the prior year, the firm earned $2.01 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in the company. High Falls Advisors Inc increased its holdings in shares of Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after purchasing an additional 11 shares in the last quarter. Arcus Capital Partners LLC grew its stake in Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after acquiring an additional 12 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Boeing by 2.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer’s stock valued at $284,000 after acquiring an additional 45 shares during the last quarter. North Star Asset Management Inc. grew its stake in Boeing by 0.7% in the 2nd quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock valued at $1,500,000 after acquiring an additional 50 shares during the last quarter. Finally, Ropes Wealth Advisors LLC grew its stake in Boeing by 0.7% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer’s stock valued at $1,679,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.

In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% 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.

Earnings History and Estimates for Boeing (NYSE:BA)

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