Boeing (BA) to Release Quarterly Earnings on Wednesday

Boeing (NYSE:BA - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Boeing to post earnings of ($1.39) per share and revenue of $19.57 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, analysts expect Boeing to post $-3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Boeing Stock Performance

NYSE:BA traded up $5.37 during midday trading on Friday, reaching $161.84. 9,213,706 shares of the stock traded hands, compared to its average volume of 9,072,137. The stock has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. Boeing has a 12 month low of $128.88 and a 12 month high of $196.95. The company has a fifty day moving average of $166.41 and a 200 day moving average of $164.11.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BA shares. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $198.95.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Boeing

A hedge fund recently bought a new stake in Boeing stock. Revolve Wealth Partners LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,136 shares of the aircraft producer's stock, valued at approximately $201,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

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