Zacks Research Equities Analysts Reduce Earnings Estimates for The Boeing Company (NYSE:BA)

The Boeing Company (NYSE:BA - Free Report) - Zacks Research decreased their Q2 2024 earnings estimates for shares of Boeing in a research note issued to investors on Tuesday, May 14th. Zacks Research analyst A. Dutta now forecasts that the aircraft producer will post earnings of ($1.04) per share for the quarter, down from their prior forecast of $0.45. The consensus estimate for Boeing's current full-year earnings is ($0.24) per share. Zacks Research also issued estimates for Boeing's Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.42 EPS, FY2024 earnings at ($1.71) EPS, Q1 2025 earnings at $1.31 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $1.04 EPS, FY2025 earnings at $3.37 EPS, Q1 2026 earnings at $1.61 EPS and FY2026 earnings at $5.60 EPS.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $17.69 billion.

BA has been the topic of a number of other research reports. UBS Group dropped their price target on Boeing from $275.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Morgan Stanley cut their target price on shares of Boeing from $235.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 10th. Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an "equal weight" rating for the company in a research report on Monday, April 22nd. Citigroup cut their price objective on shares of Boeing from $252.00 to $224.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Finally, Susquehanna restated a "positive" rating and set a $230.00 target price on shares of Boeing in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $221.24.

Boeing Stock Performance

BA stock traded up $5.97 during midday trading on Thursday, reaching $182.96. The company's stock had a trading volume of 6,967,042 shares, compared to its average volume of 9,260,245. Boeing has a 1 year low of $159.70 and a 1 year high of $267.54. The stock has a fifty day simple moving average of $179.65 and a two-hundred day simple moving average of $205.78. The firm has a market capitalization of $112.32 billion, a price-to-earnings ratio of -51.54 and a beta of 1.54.

Institutional Investors Weigh In On Boeing

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer's stock valued at $9,596,383,000 after acquiring an additional 1,222,816 shares during the period. 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 purchasing an additional 4,425,964 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. Morgan Stanley boosted its holdings in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer's stock valued at $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp grew its position in Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer's stock worth $1,304,150,000 after purchasing an additional 52,081 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

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.