FY2024 Earnings Estimate for Boeing Issued By Zacks Research

The Boeing Company (NYSE:BA) – Investment analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Boeing in a report released on Monday, December 2nd. Zacks Research analyst R. Department now forecasts that the aircraft producer will earn ($16.94) per share for the year, up from their previous forecast of ($16.99). The consensus estimate for Boeing’s current full-year earnings is ($16.18) per share. Zacks Research also issued estimates for Boeing’s Q4 2024 earnings at ($2.47) EPS, FY2025 earnings at ($2.68) EPS, Q3 2026 earnings at ($0.25) EPS and FY2026 earnings at ($0.02) EPS.

Other equities analysts also recently issued reports about the company. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup dropped their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Hold” and an average target price of $190.11.

Boeing Trading Down 1.0 %

Shares of BA stock opened at $156.68 on Wednesday. The company has a market cap of $96.86 billion, a price-to-earnings ratio of -12.15 and a beta of 1.56. The stock has a 50 day simple moving average of $151.63 and a 200-day simple moving average of $166.82. Boeing has a 12-month low of $137.03 and a 12-month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’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) earnings per share.

Institutional Investors Weigh In On Boeing

Several hedge funds have recently made changes to their positions in BA. Madison Park Capital Advisors LLC increased its position in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its position in Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after buying an additional 60 shares during the last quarter. IMS Capital Management increased its position in Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares during the last quarter. ADE LLC increased its position in Boeing by 4.4% during the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after buying an additional 65 shares during the last quarter. Finally, Peoples Financial Services CORP. increased its position in Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds 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.