Boeing (BA) to Release Quarterly Earnings on Wednesday

Boeing (NYSE:BA) will post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Boeing to post earnings of ($1.00) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Boeing Trading Down 0.7 %

Shares of NYSE:BA opened at $185.52 on Tuesday. The company has a market cap of $113.89 billion, a price-to-earnings ratio of -52.26 and a beta of 1.56. Boeing has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a 50-day moving average price of $181.72 and a 200 day moving average price of $187.96.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Barclays dropped their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Morgan Stanley decreased their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, Bank of America upped their target price on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

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.