Research Analysts Issue Forecasts for The Boeing Company’s Q3 2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BAFree Report) – Analysts at Seaport Res Ptn decreased their Q3 2024 earnings estimates for shares of Boeing in a research note issued on Thursday, February 8th. Seaport Res Ptn analyst R. Safran now forecasts that the aircraft producer will post earnings of $1.03 per share for the quarter, down from their previous forecast of $1.13. The consensus estimate for Boeing’s current full-year earnings is $2.76 per share. Seaport Res Ptn also issued estimates for Boeing’s Q4 2024 earnings at $1.31 EPS.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year.

A number of other research analysts have also issued reports on BA. Susquehanna cut their price target on shares of Boeing from $306.00 to $279.00 and set a “positive” rating on the stock in a research note on Thursday, January 18th. Citigroup dropped their price objective on shares of Boeing from $285.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Bank of America downgraded shares of Boeing from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $255.00 to $225.00 in a report on Thursday, January 25th. Northcoast Research raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price objective on the stock in a report on Tuesday, October 31st. Finally, William Blair started coverage on shares of Boeing in a report on Tuesday, December 12th. They issued an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.63.

Check Out Our Latest Report on Boeing

Boeing Trading Up 0.1 %

Shares of Boeing stock opened at $209.36 on Monday. Boeing has a 12-month low of $176.25 and a 12-month high of $267.54. The firm has a market capitalization of $127.74 billion, a price-to-earnings ratio of -56.89, a PEG ratio of 18.97 and a beta of 1.56. The firm’s 50 day simple moving average is $231.87 and its two-hundred day simple moving average is $217.18.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC IL lifted its holdings in Boeing by 21.1% in the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after acquiring an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC raised its position in Boeing by 86.8% in the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after purchasing an additional 11,510 shares during the period. Peregrine Asset Advisers Inc. raised its position in Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after purchasing an additional 33,904 shares during the period. California Public Employees Retirement System raised its position in Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock valued at $198,781,000 after purchasing an additional 19,847 shares during the period. Finally, Absher Wealth Management LLC raised its position in Boeing by 15.5% in the third quarter. Absher Wealth Management LLC now owns 88,160 shares of the aircraft producer’s stock valued at $16,899,000 after purchasing an additional 11,858 shares during the period. 61.33% of the stock is currently owned by institutional investors and hedge funds.

Boeing Company Profile

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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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

Earnings History and Estimates for Boeing (NYSE:BA)

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