Press coverage about Boeing (NYSE:BA) has trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Boeing earned a coverage optimism score of -4.24 on their scale. InfoTrie also assigned press coverage about the aircraft producer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Boeing’s score:
- Boeing is taking a $5 billion hit over the 737 Max crisis, but warns costs could climb even further – Business Insider (businessinsider.com)
- Earnings Watch: Big Tech’s antitrust suspects enter earnings spotlight, along with Boeing and Tesla (marketwatch.com)
- Even More Bad News For Boeing – Yahoo Finance (finance.yahoo.com)
- Boeing stock rallies after aircraft maker puts a price tag on 737 Max debacle – MarketWatch (marketwatch.com)
- Boeing May Need to Raise More Debt: Here’s Why – Yahoo Finance (finance.yahoo.com)
BA has been the subject of several research reports. Zacks Investment Research raised shares of Grana y Montero SAA from a “sell” rating to a “hold” rating in a research note on Monday, June 10th. Goldman Sachs Group set a €135.00 ($156.98) price target on shares of SAP and gave the company a “buy” rating in a research note on Friday, July 12th. Wolfe Research set a $436.00 price target on shares of Boeing and gave the company a “buy” rating in a research note on Monday, April 8th. Citigroup set a $12.00 price objective on shares of Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Berenberg Bank set a $540.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $406.06.
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 consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The company had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter last year, the company posted $3.64 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts forecast that Boeing will post 13.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $2.055 per share. The ex-dividend date is Thursday, August 8th. This represents a $8.22 annualized dividend and a yield of 2.18%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
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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