Boeing Co (NYSE:BA) Expected to Post Q3 2019 Earnings of $3.71 Per Share

Boeing Co (NYSE:BA) – Stock analysts at Seaport Global Securities decreased their Q3 2019 EPS estimates for shares of Boeing in a research report issued to clients and investors on Monday, May 6th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will post earnings per share of $3.71 for the quarter, down from their previous forecast of $4.12. Seaport Global Securities also issued estimates for Boeing’s Q4 2019 earnings at $6.96 EPS and FY2019 earnings at $15.51 EPS.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The firm had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the firm earned $3.64 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year.

Several other research analysts also recently commented on the stock. Cowen reissued a “buy” rating and issued a $460.00 price target on shares of Boeing in a report on Wednesday. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Buckingham Research cut their price target on shares of Boeing from $390.00 to $370.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Barclays downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $417.00 to $367.00 in a report on Tuesday, May 7th. Finally, TheStreet downgraded shares of Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Boeing has an average rating of “Hold” and a consensus price target of $413.01.

NYSE:BA traded down $8.26 during trading hours on Wednesday, hitting $341.61. The stock had a trading volume of 3,045,068 shares, compared to its average volume of 6,427,708. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing has a one year low of $292.47 and a one year high of $446.01. The company has a market cap of $193.79 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.16 and a beta of 1.30.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be paid a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 9th. Boeing’s dividend payout ratio is presently 51.34%.

A number of institutional investors have recently bought and sold shares of BA. Lenox Wealth Management Inc. increased its position in shares of Boeing by 2.6% in the first quarter. Lenox Wealth Management Inc. now owns 1,089 shares of the aircraft producer’s stock valued at $415,000 after acquiring an additional 28 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Boeing by 1.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 2,851 shares of the aircraft producer’s stock valued at $919,000 after buying an additional 29 shares during the period. Wealth Architects LLC increased its position in shares of Boeing by 4.2% during the first quarter. Wealth Architects LLC now owns 726 shares of the aircraft producer’s stock valued at $277,000 after buying an additional 29 shares during the period. Cardan Capital Partners LLC increased its position in shares of Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after buying an additional 30 shares during the period. Finally, Howe & Rusling Inc. increased its position in shares of Boeing by 1.3% during the fourth quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock valued at $779,000 after buying an additional 31 shares during the period. 68.07% of the stock is owned by institutional investors and hedge funds.

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.

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