The Boeing Company to Post Q1 2024 Earnings of ($2.03) Per Share, Seaport Res Ptn Forecasts (NYSE:BA)

The Boeing Company (NYSE:BA) – Research analysts at Seaport Res Ptn issued their Q1 2024 EPS estimates for shares of Boeing in a research note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst R. Safran anticipates that the aircraft producer will post earnings per share of ($2.03) for the quarter. The consensus estimate for Boeing’s current full-year earnings is $0.37 per share. Seaport Res Ptn also issued estimates for Boeing’s Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $1.70 EPS, FY2024 earnings at ($0.25) EPS, Q2 2025 earnings at $2.17 EPS and Q3 2025 earnings at $2.31 EPS.

A number of other brokerages also recently issued reports on BA. The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Stifel Nicolaus dropped their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a report on Wednesday. Finally, UBS Group dropped their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.35.

Boeing Stock Up 0.0 %

Shares of NYSE BA opened at $170.24 on Friday. The firm’s 50-day moving average price is $191.08 and its 200-day moving average price is $207.28. The company has a market cap of $103.87 billion, a PE ratio of -46.26, a PEG ratio of 116.16 and a beta of 1.52. Boeing has a 52-week low of $167.53 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.75) earnings per share.

Hedge Funds Weigh In On Boeing

Several large investors have recently added to or reduced their stakes in the company. CNB Bank raised its position in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $26,000. Evolution Advisers Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC bought a new stake in Boeing in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

About Boeing

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.