The Boeing Company (NYSE:BA - Free Report) - Analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of Boeing in a research note issued to investors on Monday, December 16th. Seaport Res Ptn analyst R. Safran now forecasts that the aircraft producer will post earnings per share of ($17.22) for the year, down from their prior estimate of ($16.63). The consensus estimate for Boeing's current full-year earnings is ($16.18) per share. Seaport Res Ptn also issued estimates for Boeing's Q4 2024 earnings at ($2.75) EPS, Q1 2025 earnings at ($0.28) EPS, Q2 2025 earnings at ($0.31) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.25) EPS and FY2025 earnings at ($1.11) EPS.
Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their price target on shares of Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Boeing presently has an average rating of "Hold" and an average price target of $190.11.
View Our Latest Research Report on Boeing
Boeing Trading Up 2.6 %
BA traded up $4.42 during midday trading on Thursday, hitting $177.04. The company's stock had a trading volume of 14,739,250 shares, compared to its average volume of 9,312,390. Boeing has a 52-week low of $137.03 and a 52-week high of $267.54. The firm has a 50-day moving average price of $154.58 and a two-hundred day moving average price of $166.11. The firm has a market cap of $109.45 billion, a P/E ratio of -13.72 and a beta of 1.56.
Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted ($3.26) earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis.
Institutional Trading of Boeing
A number of hedge funds and other institutional investors have recently modified their holdings of BA. Newport Trust Company LLC raised its holdings in Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after acquiring an additional 388,633 shares in the last quarter. State Street Corp raised its stake in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer's stock worth $1,386,757,000 after purchasing an additional 106,513 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after buying an additional 602,143 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
About Boeing
(
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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.
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