Boeing Company (The) (NYSE:BA) – Research analysts at Jefferies Group raised their FY2019 earnings estimates for shares of Boeing Company (The) in a research note issued to investors on Friday. Jefferies Group analyst H. Rubel now forecasts that the aircraft producer will earn $12.10 per share for the year, up from their previous estimate of $12.00. Jefferies Group has a “Buy” rating and a $300.00 price target on the stock. Jefferies Group also issued estimates for Boeing Company (The)’s FY2020 earnings at $13.25 EPS.

Boeing Company (The) (NYSE:BA) last announced its earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.23. The firm had revenue of $22.74 billion for the quarter, compared to the consensus estimate of $22.97 billion. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) EPS. TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/09/26/jefferies-group-weighs-in-on-boeing-company-thes-fy2019-earnings-ba.html.

BA has been the topic of a number of other research reports. Zacks Investment Research raised Boeing Company (The) from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG increased their price target on Boeing Company (The) to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Berenberg Bank set a $245.00 price target on Boeing Company (The) and gave the company a “buy” rating in a research note on Friday, July 21st. Credit Suisse Group reissued a “sell” rating on shares of Boeing Company (The) in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co raised Boeing Company (The) from a “neutral” rating to an “overweight” rating and increased their price target for the company from $205.00 to $240.00 in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing Company (The) has an average rating of “Hold” and an average price target of $241.32.

Shares of Boeing Company (BA) traded down 0.20% during mid-day trading on Monday, reaching $253.81. The company’s stock had a trading volume of 1,619,791 shares. The firm has a market capitalization of $150.02 billion, a P/E ratio of 22.24 and a beta of 1.18. Boeing Company has a 12 month low of $129.86 and a 12 month high of $259.30. The company has a 50 day moving average of $239.32 and a 200-day moving average of $202.49.

In other news, CFO Gregory D. Smith sold 19,757 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $245.42, for a total value of $4,848,762.94. Following the completion of the transaction, the chief financial officer now owns 152,195 shares in the company, valued at approximately $37,351,696.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 134 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $241.20, for a total value of $32,320.80. The disclosure for this sale can be found here. Insiders sold a total of 83,468 shares of company stock valued at $20,353,814 in the last 90 days. 0.28% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sonata Capital Group Inc. grew its holdings in shares of Boeing Company (The) by 0.3% in the 1st quarter. Sonata Capital Group Inc. now owns 4,999 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 16 shares in the last quarter. Investment Partners Ltd. OH ADV grew its holdings in shares of Boeing Company (The) by 1.1% in the 1st quarter. Investment Partners Ltd. OH ADV now owns 7,201 shares of the aircraft producer’s stock valued at $1,274,000 after acquiring an additional 79 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Boeing Company (The) by 7.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,778 shares of the aircraft producer’s stock valued at $1,199,000 after acquiring an additional 499 shares in the last quarter. UMB Bank N A MO grew its holdings in shares of Boeing Company (The) by 5.9% in the 1st quarter. UMB Bank N A MO now owns 167,067 shares of the aircraft producer’s stock valued at $29,548,000 after acquiring an additional 9,343 shares in the last quarter. Finally, Hudock Capital Group LLC grew its holdings in shares of Boeing Company (The) by 438.2% in the 1st quarter. Hudock Capital Group LLC now owns 8,289 shares of the aircraft producer’s stock valued at $1,466,000 after acquiring an additional 6,749 shares in the last quarter. Institutional investors own 72.17% of the company’s stock.

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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