The Boeing Company (NYSE:BA) Expected to Earn Q1 2024 Earnings of ($2.03) Per Share

The Boeing Company (NYSE:BA) – Stock analysts at Seaport Res Ptn issued their Q1 2024 earnings per share (EPS) estimates for Boeing in a research note issued on Wednesday, April 17th. Seaport Res Ptn analyst R. Safran anticipates that the aircraft producer will post earnings per share of ($2.03) 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.

Other analysts have also recently issued research reports about the stock. Citigroup reduced their target price on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Stifel Nicolaus dropped their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company cut their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Finally, Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Price Performance

NYSE:BA opened at $169.84 on Friday. The firm has a market cap of $103.63 billion, a price-to-earnings ratio of -46.15, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52. The firm’s fifty day moving average price is $190.29 and its 200 day moving average price is $207.16. Boeing has a 1-year low of $167.53 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.75) earnings per share.

Institutional Trading of Boeing

Several institutional investors and hedge funds have recently modified their holdings of BA. Maryland State Retirement & Pension System increased its position in Boeing by 2.3% during the first quarter. Maryland State Retirement & Pension System now owns 44,405 shares of the aircraft producer’s stock worth $8,570,000 after buying an additional 993 shares in the last quarter. Cohen Investment Advisors LLC raised its stake in Boeing by 7.8% in the 1st quarter. Cohen Investment Advisors LLC now owns 10,431 shares of the aircraft producer’s stock valued at $2,013,000 after purchasing an additional 751 shares during the last quarter. Horizon Bancorp Inc. IN raised its stake in Boeing by 3.0% in the 1st quarter. Horizon Bancorp Inc. IN now owns 3,818 shares of the aircraft producer’s stock valued at $737,000 after purchasing an additional 111 shares during the last quarter. Willis Johnson & Associates Inc. lifted its holdings in Boeing by 83.6% in the 1st quarter. Willis Johnson & Associates Inc. now owns 2,211 shares of the aircraft producer’s stock valued at $427,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Park Edge Advisors LLC acquired a new stake in shares of Boeing during the 1st quarter worth about $428,000. 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.