Boeing (NYSE:BA) Updates FY18 Earnings Guidance

Boeing (NYSE:BA) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $14.30-14.50 for the period, compared to the Thomson Reuters consensus estimate of $14.09. The company issued revenue guidance of $96-98 billion, compared to the consensus revenue estimate of $97.03 billion.

A number of equities analysts have recently commented on the stock. Bank of America reaffirmed a buy rating and issued a $470.00 target price (up from $395.00) on shares of Boeing in a report on Thursday, February 1st. Canaccord Genuity lifted their target price on shares of Boeing from $290.00 to $345.00 and gave the company a hold rating in a report on Thursday, February 1st. Societe Generale set a $373.00 target price on shares of Boeing and gave the company a neutral rating in a report on Thursday, February 1st. 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. Finally, Sanford C. Bernstein lifted their target price on shares of Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $374.63.

Boeing opened at $344.14 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15. Boeing has a fifty-two week low of $341.44 and a fifty-two week high of $343.56. The firm has a market cap of $198.64 billion, a PE ratio of 24.87, a P/E/G ratio of 1.69 and a beta of 1.39.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $22.22 billion. During the same period in the prior year, the company posted $2.01 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts expect that Boeing will post 14.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.99%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

In related news, EVP J Michael Luttig sold 9,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total value of $3,097,170.00. Following the sale, the executive vice president now directly owns 27,878 shares in the company, valued at approximately $9,593,656.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory L. Hyslop sold 2,241 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $340.27, for a total transaction of $762,545.07. Following the completion of the sale, the senior vice president now owns 21,425 shares in the company, valued at $7,290,284.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,373 shares of company stock worth $4,233,094. Corporate insiders own 0.24% of the company’s stock.

A hedge fund recently raised its stake in Boeing stock. Argent Trust Co increased its holdings in Boeing (NYSE:BA) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,625 shares of the aircraft producer’s stock after buying an additional 271 shares during the period. Argent Trust Co’s holdings in Boeing were worth $1,659,000 as of its most recent SEC filing. Institutional investors and hedge funds own 70.90% of the company’s stock.

About Boeing

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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