Boeing (BA) Expected to Announce Earnings on Wednesday

Boeing (NYSE:BA) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($1.39) per share and revenue of $19.57 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. On average, analysts expect Boeing to post $-3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Boeing Stock Performance

Shares of NYSE:BA opened at $161.84 on Monday. The firm has a market capitalization of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24. Boeing has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a fifty day moving average of $166.41 and a 200 day moving average of $164.21.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.95.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boeing stock. Revolve Wealth Partners LLC acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,136 shares of the aircraft producer’s stock, valued at approximately $201,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Company Profile

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.