Today: The FY2016 Earnings Estimate for Boeing Co. Issued By Jefferies Group (BA)

The FY2016 Earnings Estimate for Boeing Co. Issued By Jefferies Group (BA)

Boeing Co. (NYSE:BA) – Research analysts at Jefferies Group raised their FY2016 earnings estimates for shares of Boeing in a research note issued to investors on Thursday. Jefferies Group analyst H. Rubel now forecasts that the brokerage will earn $6.25 per share for the year, up from their previous estimate of $6.20. Jefferies Group has a “Buy” rating and a $165.00 price target on the stock. Jefferies Group also issued estimates for Boeing’s Q4 2016 earnings at $2.40 EPS, FY2017 earnings at $9.45 EPS and FY2018 earnings at $10.00 EPS.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.48. Boeing had a return on equity of 82.66% and a net margin of 3.84%. The company had revenue of $24.80 million for the quarter, compared to analyst estimates of $23.22 million. During the same period in the prior year, the company posted $1.62 EPS. The company’s revenue was up .9% compared to the same quarter last year.

Other equities analysts also recently issued reports about the stock. Drexel Hamilton restated a “buy” rating and set a $158.00 price objective on shares of Boeing in a research note on Friday, July 15th. Deutsche Bank AG reiterated a “buy” rating and issued a $160.00 target price on shares of Boeing in a research note on Monday, June 20th. Argus reiterated a “buy” rating and issued a $155.00 target price on shares of Boeing in a research note on Wednesday, August 3rd. Citigroup Inc. cut their target price on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, September 19th. Finally, Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $147.94.

Shares of Boeing (NYSE:BA) opened at 133.85 on Friday. Boeing has a 1-year low of $102.10 and a 1-year high of $150.59. The stock has a 50 day moving average price of $131.38 and a 200 day moving average price of $131.14. The company has a market capitalization of $83.50 billion, a price-to-earnings ratio of 24.10 and a beta of 1.03.

Several institutional investors have recently modified their holdings of the company. Compton Capital Management Inc. RI raised its position in Boeing by 14.4% in the first quarter. Compton Capital Management Inc. RI now owns 2,536 shares of the aircraft producer’s stock valued at $322,000 after buying an additional 320 shares during the last quarter. Badgley Phelps & Bell Inc. raised its position in Boeing by 5.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 79,105 shares of the aircraft producer’s stock valued at $10,042,000 after buying an additional 4,262 shares during the last quarter. Dynamic Advisors Solutions LLC raised its position in Boeing by 3.0% in the first quarter. Dynamic Advisors Solutions LLC now owns 1,766 shares of the aircraft producer’s stock valued at $224,000 after buying an additional 52 shares during the last quarter. Tiemann Investment Advisors LLC raised its position in Boeing by 1.0% in the first quarter. Tiemann Investment Advisors LLC now owns 2,640 shares of the aircraft producer’s stock valued at $335,000 after buying an additional 25 shares during the last quarter. Finally, Virginia Retirement System purchased a new position in Boeing during the first quarter valued at about $6,984,000. Institutional investors own 75.46% of the company’s stock.

In other Boeing news, Director Randall L. Stephenson purchased 1,871 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were bought at an average price of $133.89 per share, for a total transaction of $250,508.19. Following the completion of the acquisition, the director now owns 3,721 shares in the company, valued at $498,204.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diana L. Sands sold 14,151 shares of Boeing stock in a transaction on Monday, August 1st. The stock was sold at an average price of $133.06, for a total transaction of $1,882,932.06. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

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