Boeing (NYSE:BA) Releases Earnings Results

Boeing (NYSE:BA) announced its quarterly earnings data on Wednesday. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10), Briefing.com reports. The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.26) earnings per share.

Boeing Stock Performance

BA traded down $0.23 during mid-day trading on Friday, reaching $154.97. The stock had a trading volume of 8,139,000 shares, compared to its average volume of 8,128,691. The stock has a market capitalization of $95.13 billion, a P/E ratio of -43.93 and a beta of 1.57. Boeing has a 52 week low of $146.02 and a 52 week high of $267.54. The firm’s fifty day simple moving average is $160.18 and its two-hundred day simple moving average is $171.89.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.79.

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.