Boeing (NYSE:BA) Issues Earnings Results

Boeing (NYSE:BA) issued its quarterly earnings data on Tuesday. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09), FiscalAI reports. The company had revenue of $24.19 billion for the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%.

Boeing Stock Performance

Boeing stock opened at $187.78 on Tuesday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The firm has a market capitalization of $148.41 billion, a P/E ratio of 81.29 and a beta of 1.26. Boeing has a 1-year low of $176.77 and a 1-year high of $254.35. The company’s 50-day moving average is $201.13 and its 200 day moving average is $218.67.

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a report on Tuesday, August 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Monday. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, TD Cowen lowered their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $266.96.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: 737 MAX 10 certification removes a major overhang. The aircraft’s approval could support future deliveries, customer confidence and Boeing’s commercial-aircraft recovery. Investors are also watching whether a strong backlog and recent defense awards can help reignite momentum. Boeing’s 737 MAX-10 certification removes key overhang ahead of earnings
• Positive Sentiment: Defense activity provides a potential growth catalyst. Boeing’s Spirit Defense unit is expected to co-produce airframes for the FQ-42 Vengeance Collaborative Combat Aircraft program. Expanding defense work could diversify revenue and reinforce the company’s longer-term growth outlook. What Does Boeing Need To Prove After Its 777F Halt And Defense Win?
• Neutral Sentiment: Earnings expectations are modest but leave room for a surprise. Wall Street expects a third-quarter loss of approximately $0.21 per share on $23.84 billion in revenue. Investors will focus less on the headline loss than on aircraft deliveries, production rates, free cash flow and management’s outlook for the turnaround. Boeing is set to report earnings before the bell
• Negative Sentiment: The 777 Freighter production halt remains a significant risk. A dispute with a key supplier idled the assembly line for nearly two months and disrupted related 767 freighter and KC-46 tanker output. Investors want evidence that the issue is resolved, production is recovering and cash generation can improve. Boeing’s 777 Freighter Line Has Been Idle for Two Months

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.