FY2024 Earnings Forecast for Boeing Issued By William Blair

The Boeing Company (NYSE:BA) – Equities researchers at William Blair increased their FY2024 earnings per share (EPS) estimates for Boeing in a research note issued to investors on Tuesday, October 29th. William Blair analyst L. Dipalma now forecasts that the aircraft producer will earn ($17.43) per share for the year, up from their previous forecast of ($17.95). The consensus estimate for Boeing’s current full-year earnings is ($16.22) per share. William Blair also issued estimates for Boeing’s Q4 2024 earnings at ($2.96) EPS and FY2025 earnings at ($2.38) EPS.

BA has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a research note on Wednesday. Wells Fargo & Company cut their price target on Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Finally, UBS Group dropped their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Hold” and an average price target of $190.42.

Boeing Stock Up 3.5 %

Shares of NYSE:BA opened at $154.59 on Friday. Boeing has a twelve month low of $146.02 and a twelve month high of $267.54. The stock’s 50 day moving average is $157.46 and its 200-day moving average is $171.00. The firm has a market capitalization of $95.57 billion, a price-to-earnings ratio of -11.98 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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. During the same quarter in the previous year, the business posted ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter worth about $34,000. McClarren Financial Advisors Inc. increased its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors 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.