Boeing Co (NYSE:BA) – Stock analysts at Jefferies Financial Group upped their Q2 2019 earnings estimates for shares of Boeing in a research report issued to clients and investors on Tuesday, July 9th. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aircraft producer will earn $1.62 per share for the quarter, up from their previous estimate of $1.57. Jefferies Financial Group also issued estimates for Boeing’s Q1 2020 earnings at $5.34 EPS, Q2 2020 earnings at $5.54 EPS and Q3 2020 earnings at $5.72 EPS.
A number of other equities analysts have also weighed in on the stock. UBS Group lifted their price target on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lifted their target price on shares of Tyson Foods from $73.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. restated a “hold” rating and set a $7.00 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Finally, Credit Suisse Group restated a “hold” rating and set a $32.00 target price on shares of CRH in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $406.63.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion for the quarter, compared to analyst estimates of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $3.64 EPS.
Institutional investors have recently added to or reduced their stakes in the stock. Questar Asset Management Inc. bought a new position in shares of Boeing during the fourth quarter valued at $582,000. Telos Capital Management Inc. lifted its holdings in shares of Boeing by 7.3% during the fourth quarter. Telos Capital Management Inc. now owns 807 shares of the aircraft producer’s stock valued at $260,000 after purchasing an additional 55 shares in the last quarter. Intercontinental Wealth Advisors LLC lifted its holdings in shares of Boeing by 8.9% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock valued at $240,000 after purchasing an additional 61 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Boeing by 16,787.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 125,978 shares of the aircraft producer’s stock valued at $40,628,000 after purchasing an additional 125,232 shares in the last quarter. Finally, Gantzert Investment Co. LLC ADV bought a new position in shares of Boeing during the fourth quarter valued at $2,348,000. 67.99% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be paid a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s dividend payout ratio (DPR) is 51.34%.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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