Boeing Company (The) (NYSE:BA) – Stock analysts at Seaport Global Securities lifted their Q3 2017 earnings estimates for Boeing Company (The) in a note issued to investors on Tuesday. Seaport Global Securities analyst J. Sullivan now expects that the aircraft producer will post earnings of $2.52 per share for the quarter, up from their prior forecast of $2.48.

Boeing Company (The) (NYSE:BA) last issued its earnings results on Wednesday, April 26th. The aircraft producer reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.10. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.27 billion. Boeing Company (The) had a return on equity of 495.68% and a net margin of 5.52%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS.

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BA has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Tuesday. Wells Fargo & Company restated a “market perform” rating on shares of Boeing Company (The) in a research note on Monday. Royal Bank Of Canada restated a “sell” rating and set a $146.00 price objective on shares of Boeing Company (The) in a research note on Friday, July 7th. Canaccord Genuity reiterated a “hold” rating and issued a $170.00 target price on shares of Boeing Company (The) in a research note on Sunday. Finally, Jefferies Group LLC raised their target price on shares of Boeing Company (The) from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing Company (The) currently has a consensus rating of “Hold” and a consensus target price of $179.58.

Boeing Company (NYSE BA) opened at 206.16 on Thursday. The firm has a market capitalization of $124.43 billion, a PE ratio of 25.40 and a beta of 1.12. The company has a 50 day moving average price of $190.02 and a 200-day moving average price of $175.93. Boeing Company has a one year low of $126.31 and a one year high of $207.00.

Several hedge funds have recently made changes to their positions in the stock. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Boeing Company (The) during the fourth quarter worth approximately $109,000. Proficio Capital Partners LLC boosted its stake in Boeing Company (The) by 181.9% in the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock valued at $115,000 after buying an additional 402 shares in the last quarter. MCF Advisors LLC boosted its stake in Boeing Company (The) by 9.5% in the first quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after buying an additional 62 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Boeing Company (The) by 16.9% in the first quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after buying an additional 107 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in Boeing Company (The) by 50.6% in the first quarter. Gemmer Asset Management LLC now owns 899 shares of the aircraft producer’s stock valued at $159,000 after buying an additional 302 shares in the last quarter. Institutional investors own 73.11% of the company’s stock.

In related news, SVP Timothy John Keating sold 32,500 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $184.51, for a total transaction of $5,996,575.00. Following the sale, the senior vice president now directly owns 107,437 shares in the company, valued at approximately $19,823,200.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bertrand Marc Allen sold 15,470 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $183.62, for a total transaction of $2,840,601.40. Following the sale, the senior vice president now owns 43,801 shares in the company, valued at $8,042,739.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,403 shares of company stock worth $11,666,138. Corporate insiders own 0.28% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, August 9th. Boeing Company (The)’s payout ratio is 69.61%.

About Boeing Company (The)

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Earnings History and Estimates for Boeing Company (The) (NYSE:BA)

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