Boeing Co (BA) Stock Slips Despite Earnings Beat

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The company provided earnings per share guidance of $9.90-10.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.03.

Among 21 analysts covering Boeing (NYSE:BA), 12 have Buy rating, 1 Sell and 8 Hold. The company now expects earnings per share to range from $9.90 to $10.10. The company has a market cap of $97.39 billion, a price-to-earnings ratio of 24.12 and a beta of 1.05. Vetr lowered Boeing Company (The) from a "hold" rating to a "sell" rating and set a $223.75 target price on the stock.in a report on Wednesday, July 26th. Sanford C. Bernstein reissued an "outperform" rating and issued a $91.00 price objective on shares of Boeing in a research note on Wednesday. Jefferies maintained the shares of BA in report on Wednesday, July 5 with "Buy" rating. The company has an average rating of "Hold" and a consensus price target of $147.85. The insider now holds 12,663 shares of The Boeing Company (BA). BK's latest closing price was 6.93% away from the average price of 200 days while it maintained a distance of 0.26% from the 50 Day Moving Average and -1.71% away compared to its SMA 20. Boeing Company has a 1-year low of $136.72 and a 1-year high of $267.21.

More notable recent Boeing Co (NYSE:BA) news were published by: Bloomberg.com which released: "Boeing a 'Subsidy Junkie, ' UK's Labour Says in Bombardier Spat" on October 11, 2017, also Investorplace.com with their article: "Boeing Co (BA) Stock Dividend is Not Only Safe But Could Be Boosted, Too" published on October 16, 2017, Postandcourier.com published: "Space travel the next frontier for Boeing Co.'s Muilenburg" on September 29, 2017.

Boeing also said it repurchased 11 million shares of its stock during the third quarter and announced a commercial planes backlog of 5,700 plans valued at $474 billion at list prices. Boeing Company (The) had a return on equity of 2,185.10% and a net margin of 7.84%.

17 analysts on average are expecting the company to report revenue of $24.33 Billion for the current quarter. During the same period in the prior year, the company posted $3.51 earnings per share.

Muddying the waters on the results was Boeing's new services business, which the company broke out for the first time in the third quarter. Boeing Company (The)'s revenue for the quarter was down 8.1% compared to the same quarter previous year. Shares for $922,738 were sold by Hyslop Gregory L. On Tuesday, May 2 the insider LUTTIG J MICHAEL sold $1.47 million. The shares were sold at an average price of $241.20, for a total transaction of $32,320.80. Investors owns 37.56M shares. 7,674,894 shares of the stock were exchanged. The stock was sold at an average price of $243.46, for a total value of $13,837,779.48. Following the transaction, the chairman now directly owns 127,778 shares of the company's stock, valued at $31,108,831.88. The disclosure for this sale can be found here. Insider ownership during the past year has decreased by a net of 410834 shares.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was copied illegally and republished in violation of U.S. and global trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/25/boeing-company-the-ba-updates-fy17-earnings-guidance.html. Shine Investment Advisory Services Inc. bought a new stake in shares of Boeing Company (The) during the 2nd quarter worth approximately $188,000. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer's stock worth $131,000 after purchasing an additional 107 shares in the last quarter. LSV Asset Management increased its position in shares of Boeing by 3.0% in the second quarter.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Boeing Co now has $157.78B valuation.

Its segment of Defense, Space & Security saw revenue for the three months drop 5% from $5.75 billion in 2016 to $5.47 billion.

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