Boeing (BA) to Release Earnings on Wednesday

Boeing (NYSE:BA) is expected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($1.39) per share and revenue of $19.57 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, analysts expect Boeing to post $-3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Boeing Stock Performance

Boeing stock opened at $155.61 on Wednesday. Boeing has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company has a market capitalization of $116.72 billion, a price-to-earnings ratio of -8.49 and a beta of 1.24. The stock has a fifty day moving average of $167.65 and a two-hundred day moving average of $163.96.

Wall Street Analyst Weigh In

A number of analysts recently commented on BA shares. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Melius Research set a $204.00 target price on shares of Boeing in a research report on Monday, March 24th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.00.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boeing stock. Revolve Wealth Partners LLC acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,136 shares of the aircraft producer’s stock, valued at approximately $201,000. Institutional investors own 64.82% of the company’s stock.

About Boeing

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.