Boeing Company (The) (NYSE:BA) – Analysts at Jefferies Group upped their Q3 2017 earnings per share estimates for Boeing Company (The) in a note issued to investors on Friday. Jefferies Group analyst H. Rubel now forecasts that the aircraft producer will post earnings per share of $2.60 for the quarter, up from their previous forecast of $2.57. Jefferies Group currently has a “Buy” rating and a $300.00 price target on the stock. Jefferies Group also issued estimates for Boeing Company (The)’s Q4 2017 earnings at $2.90 EPS and FY2017 earnings at $10.05 EPS.

Several other equities analysts have also weighed in on the company. Canaccord Genuity reaffirmed a “hold” rating and issued a $235.00 price objective on shares of Boeing Company (The) in a research note on Thursday. Cowen and Company reaffirmed a “buy” rating and issued a $315.00 price objective on shares of Boeing Company (The) in a research note on Friday. Vetr lowered Boeing Company (The) from a “buy” rating to a “hold” rating and set a $267.03 price target on the stock. in a research report on Friday. ValuEngine lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research lowered Boeing Company (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $241.21.

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Shares of Boeing Company (NYSE BA) opened at 258.58 on Monday. Boeing Company has a 1-year low of $131.39 and a 1-year high of $259.30. The stock has a market capitalization of $152.84 billion, a price-to-earnings ratio of 22.65 and a beta of 1.21. The company’s 50 day moving average is $246.17 and its 200-day moving average is $209.22.

Boeing Company (The) (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.23. The business had revenue of $22.74 billion for the quarter, compared to analysts’ expectations of $22.97 billion. Boeing Company (The) had a net margin of 7.84% and a return on equity of 2,185.10%. The business’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Boeing Company (The) by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after buying an additional 407,511 shares during the last quarter. State Street Corp grew its stake in Boeing Company (The) by 0.3% during the 1st quarter. State Street Corp now owns 28,433,353 shares of the aircraft producer’s stock worth $5,028,731,000 after buying an additional 87,850 shares during the last quarter. Janus Henderson Group PLC grew its stake in Boeing Company (The) by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Boeing Company (The) by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock worth $606,405,000 after buying an additional 123,420 shares during the last quarter. Finally, LSV Asset Management grew its stake in Boeing Company (The) by 0.7% during the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock worth $594,606,000 after buying an additional 21,804 shares during the last quarter. Hedge funds and other institutional investors own 72.17% of the company’s stock.

In related news, SVP Robert E. Verbeck sold 2,522 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $244.45, for a total transaction of $616,502.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory D. Smith sold 19,757 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now owns 152,195 shares of the company’s stock, valued at $37,351,696.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,468 shares of company stock valued at $20,353,814. 0.28% of the stock is owned by company insiders.

Boeing Company (The) Company Profile

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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