Boeing (NYSE:BA) Releases Quarterly Earnings Results, Misses Estimates By $4.30 EPS

Boeing (NYSE:BA) announced its earnings results on Tuesday. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30), Zacks reports. During the same period last year, the business earned ($0.47) earnings per share.

Boeing Price Performance

Shares of Boeing stock opened at $177.79 on Wednesday. The company has a 50-day moving average of $167.04 and a 200 day moving average of $164.23. The firm has a market cap of $109.91 billion, a price-to-earnings ratio of -13.78 and a beta of 1.52. Boeing has a 1 year low of $137.03 and a 1 year high of $214.63.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Susquehanna dropped their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

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.