Equities Analysts Issue Forecasts for The Boeing Company's Q1 2024 Earnings (NYSE:BA)

The Boeing Company (NYSE:BA - Free Report) - Seaport Res Ptn issued their Q1 2024 earnings per share (EPS) estimates for Boeing in a report issued on Wednesday, April 17th. Seaport Res Ptn analyst R. Safran expects that the aircraft producer will post earnings of ($2.03) per share for the quarter. The consensus estimate for Boeing's current full-year earnings is $0.37 per share. Seaport Res Ptn also issued estimates for Boeing's Q2 2024 earnings at ($0.34) EPS, Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $1.70 EPS, FY2024 earnings at ($0.25) EPS, Q2 2025 earnings at $2.17 EPS and Q3 2025 earnings at $2.31 EPS.

Several other research firms have also recently commented on BA. Melius reiterated a "hold" rating on shares of Boeing in a research note on Monday, April 1st. Benchmark restated a "buy" rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Stifel Nicolaus cut their price objective on Boeing from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, April 10th. UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on Boeing from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $229.35.

Boeing Stock Performance

Shares of NYSE:BA traded down $0.39 during trading on Friday, hitting $169.84. The company's stock had a trading volume of 4,689,767 shares, compared to its average volume of 9,703,083. Boeing has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The stock's 50-day moving average price is $190.29 and its two-hundred day moving average price is $207.16. The company has a market capitalization of $103.63 billion, a PE ratio of -46.15, a PEG ratio of 116.16 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the firm posted ($1.75) EPS. The company's revenue was up 10.2% compared to the same quarter last year.

Institutional Trading of Boeing

A number of hedge funds have recently modified their holdings of BA. Moneta Group Investment Advisors LLC lifted its holdings in shares of Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer's stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer's stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Boeing during the fourth quarter worth $960,397,000. Wellington Management Group LLP raised its holdings in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer's stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer's stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in 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.