Boeing (NYSE:BA) Issues Earnings Results, Misses Expectations By $0.10 EPS

Boeing (NYSE:BA) issued its earnings results on Wednesday. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10), Briefing.com reports. The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.26) earnings per share.

Boeing Stock Up 1.1 %

Shares of BA stock traded up $1.76 during trading hours on Friday, reaching $156.96. The company’s stock had a trading volume of 936,712 shares, compared to its average volume of 8,093,699. Boeing has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The company has a market capitalization of $96.36 billion, a price-to-earnings ratio of -43.72 and a beta of 1.57. The firm’s 50 day simple moving average is $160.61 and its 200-day simple moving average is $172.01.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Thursday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.79.

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.