Q3 2018 EPS Estimates for Boeing Co Reduced by Seaport Global Securities (BA)

Boeing Co (NYSE:BA) – Analysts at Seaport Global Securities dropped their Q3 2018 EPS estimates for Boeing in a report released on Monday, October 15th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now forecasts that the aircraft producer will post earnings of $3.44 per share for the quarter, down from their previous estimate of $3.71. Seaport Global Securities also issued estimates for Boeing’s FY2018 earnings at $14.65 EPS and Q2 2019 earnings at $4.19 EPS.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The company had revenue of $25.15 billion for the quarter, compared to the consensus estimate of $23.84 billion. During the same period in the previous year, the business earned $2.72 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group reiterated a “buy” rating and issued a $455.00 target price on shares of Boeing in a research note on Thursday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $400.00 target price on shares of Boeing in a research note on Thursday, July 26th. Berenberg Bank reiterated a “buy” rating and issued a $430.00 target price on shares of Boeing in a research note on Monday, September 3rd. UBS Group initiated coverage on shares of Boeing in a research note on Wednesday, August 15th. They issued a “buy” rating and a $515.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $450.00 target price on shares of Boeing in a research note on Monday, August 13th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $410.21.

Shares of NYSE:BA traded down $1.25 during trading on Tuesday, reaching $370.77. The stock had a trading volume of 2,751,776 shares, compared to its average volume of 4,433,275. Boeing has a 52 week low of $259.56 and a 52 week high of $394.28. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. The stock has a market capitalization of $208.11 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30.

Several institutional investors have recently modified their holdings of the business. CSat Investment Advisory L.P. acquired a new position in shares of Boeing in the 2nd quarter valued at $101,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Boeing by 220.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after buying an additional 220 shares during the period. Rational Advisors LLC grew its holdings in shares of Boeing by 159.5% in the 3rd quarter. Rational Advisors LLC now owns 327 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 201 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in shares of Boeing in the 1st quarter valued at $108,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of Boeing in the 2nd quarter valued at $125,000. Institutional investors own 70.42% of the company’s stock.

In related news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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