Seaport Res Ptn Forecasts Boeing’s FY2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BA) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings estimates for Boeing in a research note issued to investors on Monday, December 16th. Seaport Res Ptn analyst R. Safran now expects that the aircraft producer will post earnings of ($17.22) per share for the year, down from their prior forecast of ($16.63). The consensus estimate for Boeing’s current full-year earnings is ($16.18) per share. Seaport Res Ptn also issued estimates for Boeing’s Q4 2024 earnings at ($2.75) EPS, Q1 2025 earnings at ($0.28) EPS, Q2 2025 earnings at ($0.31) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.25) EPS and FY2025 earnings at ($1.11) EPS.

Several other equities analysts also recently commented on the stock. Robert W. Baird decreased their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Price Performance

Shares of NYSE BA opened at $177.35 on Thursday. Boeing has a one year low of $137.03 and a one year high of $267.54. The firm has a market cap of $109.64 billion, a price-to-earnings ratio of -13.75 and a beta of 1.56. The stock’s fifty day moving average price is $155.10 and its two-hundred day moving average price is $166.06.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.26) EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares during the last quarter. Syntax Research Inc. increased its holdings in Boeing by 18.4% in the third quarter. Syntax Research Inc. now owns 4,708 shares of the aircraft producer’s stock valued at $716,000 after purchasing an additional 730 shares during the period. Denver PWM LLC raised its position in Boeing by 728.9% during the 3rd quarter. Denver PWM LLC now owns 5,487 shares of the aircraft producer’s stock worth $834,000 after purchasing an additional 4,825 shares during the last quarter. Inspire Trust Co. N.A. lifted its holdings in Boeing by 81.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 10,500 shares of the aircraft producer’s stock worth $1,596,000 after buying an additional 4,700 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after buying an additional 1,055,472 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.