Seaport Res Ptn Estimates Boeing’s FY2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BA) – Research analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for shares of Boeing in a research note issued to investors on Monday, December 16th. Seaport Res Ptn analyst R. Safran now anticipates that the aircraft producer will post earnings per share of ($17.22) for the year, down from their prior estimate of ($16.63). The consensus estimate for Boeing’s current full-year earnings is ($16.18) per share. Seaport Res Ptn also issued estimates for Boeing’s Q4 2024 earnings at ($2.75) EPS, Q1 2025 earnings at ($0.28) EPS, Q2 2025 earnings at ($0.31) EPS, Q3 2025 earnings at ($0.28) EPS, Q4 2025 earnings at ($0.25) EPS and FY2025 earnings at ($1.11) EPS.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted ($3.26) EPS.

Several other equities research analysts also recently commented on the company. Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Citigroup cut their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Morgan Stanley cut their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Trading Up 2.6 %

Boeing stock opened at $177.04 on Thursday. The firm has a market cap of $109.45 billion, a price-to-earnings ratio of -13.72 and a beta of 1.56. Boeing has a 12 month low of $137.03 and a 12 month high of $267.54. The stock has a fifty day simple moving average of $154.58 and a two-hundred day simple moving average of $166.11.

Institutional Trading of Boeing

Several institutional investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the second quarter valued at about $33,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the third quarter worth about $30,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Boeing in the second quarter worth about $39,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in Boeing by 40.0% during the second quarter. Mizuho Securities Co. Ltd. now owns 280 shares of the aircraft producer’s stock valued at $51,000 after buying an additional 80 shares during the last quarter. 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.