Boeing (BA) Projected to Post Earnings on Tuesday

Boeing (NYSE:BA) is expected to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of ($1.60) per share and revenue of $16,870,336.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) EPS. On average, analysts expect Boeing to post $-16 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Boeing Price Performance

Shares of BA stock opened at $171.14 on Tuesday. The company has a fifty day moving average price of $163.15 and a two-hundred day moving average price of $164.61. Boeing has a one year low of $137.03 and a one year high of $217.59. The stock has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Susquehanna reduced their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.