Jefferies Financial Group Comments on The Boeing Company’s Q2 2022 Earnings (NYSE:BA)

The Boeing Company (NYSE:BAGet Rating) – Research analysts at Jefferies Financial Group decreased their Q2 2022 earnings per share (EPS) estimates for shares of Boeing in a note issued to investors on Sunday, May 1st. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the aircraft producer will post earnings of ($0.31) per share for the quarter, down from their prior forecast of $1.01. Jefferies Financial Group currently has a “Buy” rating and a $225.00 price objective on the stock. Jefferies Financial Group also issued estimates for Boeing’s Q3 2022 earnings at $0.53 EPS, Q4 2022 earnings at $0.38 EPS, FY2022 earnings at ($2.15) EPS, FY2023 earnings at $3.75 EPS and FY2024 earnings at $7.60 EPS.

BA has been the subject of several other reports. Susquehanna Bancshares lowered their price objective on Boeing from $243.00 to $193.00 in a report on Thursday, April 28th. Morgan Stanley decreased their target price on Boeing from $288.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. JPMorgan Chase & Co. decreased their target price on Boeing from $235.00 to $190.00 in a research note on Thursday, April 28th. Susquehanna decreased their target price on Boeing from $243.00 to $193.00 in a research note on Thursday, April 28th. Finally, Cowen decreased their target price on Boeing from $265.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $229.24.

Shares of Boeing stock opened at $153.58 on Wednesday. Boeing has a fifty-two week low of $143.38 and a fifty-two week high of $258.40. The business has a 50-day moving average price of $181.56 and a 200 day moving average price of $199.69.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($2.48). The company had revenue of $13.99 billion during the quarter, compared to analysts’ expectations of $15.90 billion. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.53) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC acquired a new stake in Boeing during the 4th quarter valued at $27,000. Strategic Asset Management LLC raised its stake in Boeing by 102.9% during the 4th quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 70 shares during the period. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Boeing during the 4th quarter valued at $28,000. Lloyd Advisory Services LLC. grew its holdings in shares of Boeing by 1,092.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Finally, Global Trust Asset Management LLC grew its holdings in shares of Boeing by 1,427.3% during the 4th quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 157 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors.

In other news, Director Lawrence W. Kellner bought 5,000 shares of the business’s stock in a transaction on Monday, February 14th. The stock was purchased at an average cost of $208.91 per share, for a total transaction of $1,044,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Boeing Company Profile (Get Rating)

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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

Earnings History and Estimates for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.