Boeing (NYSE:BA) Releases Earnings Results, Beats Expectations By $0.90 EPS

Boeing (NYSE:BA - Get Free Report) posted its quarterly earnings results on Wednesday. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90, Zacks reports. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion.

Boeing Trading Down 0.2 %

Shares of NYSE:BA traded down $0.28 during midday trading on Friday, hitting $175.98. The stock had a trading volume of 2,741,597 shares, compared to its average volume of 9,047,422. The company has a market capitalization of $132.00 billion, a PE ratio of -9.62 and a beta of 1.24. Boeing has a 1 year low of $128.88 and a 1 year high of $196.95. The stock has a 50 day moving average price of $165.01 and a two-hundred day moving average price of $164.43.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group boosted their price objective on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a research report on Thursday. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. StockNews.com upgraded shares of Boeing to a "sell" rating in a research note on Thursday. Finally, Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $198.45.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Institutional Investors Weigh In On Boeing

An institutional investor recently bought a new position in Boeing stock. Revolve Wealth Partners LLC acquired a new stake in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,136 shares of the aircraft producer's stock, valued at approximately $201,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

About Boeing

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.