Boeing (NYSE:BA) Posts Earnings Results, Misses Expectations By $0.10 EPS

Boeing (NYSE:BA) announced its quarterly earnings results on Wednesday. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10), Briefing.com reports. The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis.

Boeing Stock Performance

Shares of BA stock traded down $0.19 during midday trading on Friday, hitting $155.01. 8,152,969 shares of the company were exchanged, compared to its average volume of 8,128,691. Boeing has a 52 week low of $146.02 and a 52 week high of $267.54. The firm has a market capitalization of $95.16 billion, a P/E ratio of -43.65 and a beta of 1.57. The firm’s 50 day moving average price is $159.68 and its two-hundred day moving average price is $171.70.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BA. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Wells Fargo & Company cut their price target on Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein lowered their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $191.79.

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.